Wednesday, November 20, 2019

Jul 25 17, 9:21 am

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37 British firms eye investments in Davao

by | News

Jul. 25, 17 | 9:21 am

A number of United Kingdom-based companies are collaborating with local firms on possible investment venture in Davao City.

Chris Nelson, president of the British Chamber, said 37 of the 50 companies that went to Davao City see opportunities in th, have shown interest in the country’s agriculture, infrastructure, and information and communication technology industries.

Nelson said YLF, an engineering consultancy firm, and SeaGard, a marine asset monitoring and protection service provider, have started to firm up partnership with local companies.

Some of the UK companies that showed interests are Foster & Freeman, R&B Distillers, PayWizard, Symphony Environmental, and Yllume. The companies exploring Davao City are Anpario, ARUP, AstraZeneca, Bold Native Advisors, Energy Island Bell Pirie Ltd., GSK, Gluon, HSBC, JLT Insurance Brokers, Party Building Products, Pricewaterhousecoopers, Pru Life UK, Standard Chartered, Unilever, and Voltcom Group UK.

”This is a good number of return,” Nelson said.

Davao City Chamber of Commerce and Industry, Inc. chair Arturo Milan said the foreign investors’ presence during the 4th Investment Conference, which concluded on Saturday, is an indication on their confidence of what Davao can offer.

Davao, he said has become Mindanao’s gateway to the world as a bustling metropolis, booming with economic activity and investment opportunities.

He added Davao will continue to connect with other parts of the world by promoting investment opportunities as he encouraged investors to come to Davao now as this is the right time to invest.

AirAsia president and chief executive officer Tan Sri Anthony Francis Fernandes, said AirAsia is making Davao City as another international gateway to Asean and Asia. AirAsia has formally launched the Davao City-Kulan Lumpur, Malaysia direct route.

“We strongly support the development of cities outside Metro Manila, and we are confident that by increasing connectivity and accessibility to affordable air travel, AirAsia can help play a role in boosting economic growth in the south,” he said.

(Report via PNA)
Photo credit: Wikimedia

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PNP starts arresting vapers

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