Photo courtesy of Davao ICon
MANILA – An executive of the biggest mall chain in Davao has urged businesses to establish their presence in Mindanao to tap the huge opportunities in the southern part of the country.
In a webinar on Davao Investment Conference (ICon) 2021 Wednesday, NCC Group of Companies president and chief executive officer Lafayette Lim said Mindanao, particularly the Davao region, is now a big catalyst for growth for the Philippines.
“Davao 20 years ago is so much different from Davao today,” he said.
Lim said the infrastructure, coastal roads, and inter-island bridges being built in the southern Philippines have improved the transportation and logistics in the region.
“Investments in power, water, and telecommunications have greatly improved the region’s readiness to take on increased development. Economic zones and modern industrial centers are also rising left and right,” he added.
Lim said many education institutions have established their schools in Mindanao, especially in Davao region, which will translate to additional skilled workers in the region.
He said the Davao region is a strategic location for businesses as the region positions itself to be a vital gateway not only for local businesses but also for the Brunei Darussalam–Indonesia–Malaysia–
“Saying ‘give Mindanao a chance’ is outdated and is no longer true. Overlooking Mindanao and taking it for granted is a bad business decision. If you want to lay your cards right, join us here in Mindanao and let’s grow and prosper together,” he added. (PNA)
