Davao Region is seeing increased investments in real estate, tourism, manufacturing and agribusiness.
This was the consensus reached during the recently held two-day 6th Davao Investment Conference 2021.
Davao ICon 2021 chairperson Ricardo Lagdameo said the region’s growth is a major draw for investors before and after the pandemic.
”We grew by an average of 5.5 percent better than the average of 4.8 percent of the country’s gross domestic product over the same two decades,” Lagdameo said.
Fernando Zobel de Ayala, President and chief executive officer of the Ayala Corp., highlighted the important infrastructure developments that make the region an investment magnet, : the Davao City Bypass, the Davao Coastal Road, the Mindanao Railway, and the expansion of the Davao International Airport.
He cited Ayala Land’s more than P40 billion investments, “ including land acquisitions and … residential projects, retail outlets, offices, hotels, and tourism, and various other commercial properties … reflect our inherent belief in the growth potential of the region.”
