ADVERTISEMENT
Manila Bulletin devider Business devider NEDA seeks Middle East investors for Mindanao projects

NEDA seeks Middle East investors for Mindanao projects

Published Sep 12, 2023 08:09 am

At A Glance

  • The National Economic and Development Authority (NEDA) encourages investors to prioritize projects in Mindanao, particularly in energy and agriculture.<br>Mindanao has untapped potential in agriculture and agro-processing and is considered a promising region for growth.<br>The Marcos Administration is committed to prioritizing infrastructure development in Mindanao.<br>The government aims to reduce the cost of connectivity and power, enhance resilience to climate change, and raise productivity in Mindanao.<br>NEDA emphasizes the role of investors and public-private partnerships (PPPs) in implementing Infrastructure Flagship Projects (IFPs).<br>There are currently 79 IFPs worth $45.9 billion in Mindanao, with nine projects implemented through PPPs.<br>A sustainable and resilient energy system is crucial for the socioeconomic transformation of the Philippines.<br>Renewable energy is a priority investment area, and the country aims to attract $104 billion in investments by 2040.<br>The Philippines offers investment opportunities in various sectors, including agribusiness, mining, tourism, manufacturing, education, creative industries, healthcare, and information technology.

The National Economic and Development Authority (NEDA) on Tuesday, Sept. 12 said it welcomes potential investors to prioritize projects in Mindanao, particularly in the energy and agricultural sectors. 

At the Philippine dialogue with investors in Doha, Qatar, NEDA Secretary Arsenio M. Balisacan encouraged investors to explore opportunities for infrastructure projects in Mindanao.

“The Marcos Administration is committed to prioritizing infrastructure development in the Mindanao region – one of the country’s most promising regions because of its significantly untapped potential for various growth drivers, particularly in agriculture and agro-processing,” Balicasan stated.

He added that the government will focus on projects that will reduce the cost of connectivity and power in Mindanao, improve the region’s resilience to shocks caused by climate change, and raise Mindanao’s productivity as a growing agricultural and industrial hub. 

The NEDA chief the role of investors in helping the government realize the region’s potential, as well as the implementation of Infrastructure Flagship Projects (IFPs)  through Public-Private Partnerships (PPPs). 

“We will harness PPPs to finance these IFPs and other high-impact projects and leverage on the private sector’s ability to use innovative processes, efficiently mobilize its resources, and deliver high-quality services,” he further said.

There are currently 79 IFPs worth $45.9 billion in Mindanao, with nine projects being implemented through PPPs. 

Balisacan also emphasized the role of a sustainable and resilient energy system in the socioeconomic transformation of the Philippines. 

Renewable energy is identified as a priority under the Strategic Investment Priority Plan, which includes investment areas that may qualify for fiscal incentives. 

“The country will need foreign direct investments in renewable energy. To achieve our target mix for renewable energy, we will require a total investment of about $104 billion by 2040,” he said. 

“There has never been a better time to invest in the Philippines. Opportunities await not only in infrastructure, as mentioned, but also in our promising growth drivers such as agribusiness, mining, tourism, manufacturing, education, creative industries, healthcare, and the information technology and business process management sectors,” he stated. (Xander Dave G. Ceballos)

Related Tags

National Economic Development Authority (NEDA) NEDA SECRETARY Arsenio M. Balisacan
ADVERTISEMENT
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1561_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1562_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1563_widget.title }}

{{ item.title }}

{{ articles_filter_1564_widget.title }}

{{ item.title }}
.mb-article-details { position: relative; } .mb-article-details .article-body-preview, .mb-article-details .article-body-summary{ font-size: 17px; line-height: 30px; font-family: "Libre Caslon Text", serif; color: #000; } .mb-article-details .article-body-preview iframe , .mb-article-details .article-body-summary iframe{ width: 100%; margin: auto; } .read-more-background { background: linear-gradient(180deg, color(display-p3 1.000 1.000 1.000 / 0) 13.75%, color(display-p3 1.000 1.000 1.000 / 0.8) 30.79%, color(display-p3 1.000 1.000 1.000) 72.5%); position: absolute; height: 200px; width: 100%; bottom: 0; display: flex; justify-content: center; align-items: center; padding: 0; } .read-more-background a{ color: #000; } .read-more-btn { padding: 17px 45px; font-family: Inter; font-weight: 700; font-size: 18px; line-height: 16px; text-align: center; vertical-align: middle; border: 1px solid black; background-color: white; } .hidden { display: none; }
function initializeAllSwipers() { // Get all hidden inputs with cms_article_id document.querySelectorAll('[id^="cms_article_id_"]').forEach(function (input) { const cmsArticleId = input.value; const articleSelector = '#article-' + cmsArticleId + ' .body_images'; const swiperElement = document.querySelector(articleSelector); if (swiperElement && !swiperElement.classList.contains('swiper-initialized')) { new Swiper(articleSelector, { loop: true, pagination: false, navigation: { nextEl: '#article-' + cmsArticleId + ' .swiper-button-next', prevEl: '#article-' + cmsArticleId + ' .swiper-button-prev', }, }); } }); } setTimeout(initializeAllSwipers, 3000); const intersectionObserver = new IntersectionObserver( (entries) => { entries.forEach((entry) => { if (entry.isIntersecting) { const newUrl = entry.target.getAttribute("data-url"); if (newUrl) { history.pushState(null, null, newUrl); let article = entry.target; // Extract metadata const author = article.querySelector('.author-section').textContent.replace('By', '').trim(); const section = article.querySelector('.section-info ').textContent.replace(' ', ' '); const title = article.querySelector('.article-title h1').textContent; // Parse URL for Chartbeat path format const parsedUrl = new URL(newUrl, window.location.origin); const cleanUrl = parsedUrl.host + parsedUrl.pathname; // Update Chartbeat configuration if (typeof window._sf_async_config !== 'undefined') { window._sf_async_config.path = cleanUrl; window._sf_async_config.sections = section; window._sf_async_config.authors = author; } // Track virtual page view with Chartbeat if (typeof pSUPERFLY !== 'undefined' && typeof pSUPERFLY.virtualPage === 'function') { try { pSUPERFLY.virtualPage({ path: cleanUrl, title: title, sections: section, authors: author }); } catch (error) { console.error('ping error', error); } } // Optional: Update document title if (title && title !== document.title) { document.title = title; } } } }); }, { threshold: 0.1 } ); function showArticleBody(button) { const article = button.closest("article"); const summary = article.querySelector(".article-body-summary"); const body = article.querySelector(".article-body-preview"); const readMoreSection = article.querySelector(".read-more-background"); // Hide summary and read-more section summary.style.display = "none"; readMoreSection.style.display = "none"; // Show the full article body body.classList.remove("hidden"); } document.addEventListener("DOMContentLoaded", () => { let loadCount = 0; // Track how many times articles are loaded const offset = [1, 2, 3, 4, 5, 6, 7, 8, 9, 10]; // Offset values const currentUrl = window.location.pathname.substring(1); let isLoading = false; // Prevent multiple calls if (!currentUrl) { console.log("Current URL is invalid."); return; } const sentinel = document.getElementById("load-more-sentinel"); if (!sentinel) { console.log("Sentinel element not found."); return; } function isSentinelVisible() { const rect = sentinel.getBoundingClientRect(); return ( rect.top < window.innerHeight && rect.bottom >= 0 ); } function onScroll() { if (isLoading) return; if (isSentinelVisible()) { if (loadCount >= offset.length) { console.log("Maximum load attempts reached."); window.removeEventListener("scroll", onScroll); return; } isLoading = true; const currentOffset = offset[loadCount]; window.loadMoreItems().then(() => { let article = document.querySelector('#widget_1690 > div:nth-last-of-type(2) article'); intersectionObserver.observe(article) loadCount++; }).catch(error => { console.error("Error loading more items:", error); }).finally(() => { isLoading = false; }); } } window.addEventListener("scroll", onScroll); });
Join Our Newsletters

Sign up by email to receive news.

© 2025 Manila Bulletin The Nation's Leading Newspaper. All Rights Reserved.