DAVAO’S BUSINESS community is putting focus on the promotion of manufacturing and outsourcing services among the emerging investment opportunities in the region while continuing to strengthen growth in agribusinesses.   

“Davao has become ripe for many types of investments and despite the pandemic, Davao Region posted a 7.6% contraction, beating the national average which was a 9.6% contraction. During the pandemic, industries continue to thrive and are still operating. “Damosa Land, Inc. First Vice President Ricardo F. Lagdameo said during last week’s virtual launch of the Davao Investment Conference 2021. 

Mr. Lagdameo, chair of this year’s conference, said manufacturers in light industries and business process outsourcing (BPO) firms are among the growing number of investors in the regions.    

“Whether it is a major hospitality project in Davao de Oro, an agribusiness project in Davao Occidental, manufacturing operation in Davao del Norte, tourism project in Davao Oriental, energy project in Davao del Sur, or the numerous real estate opportunities across the region, Davao Region has something for a wide array of investors,” he said. 

Three webinars are lined up in the next two months to discuss the developments and opportunities in various industries in the region while the main Davao ICON 2021 event is set for Nov. 11 and 12. — Maya M. Padillo

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