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PIA Press Release
2007/04/17

Foreign investment group eyes Zamboanga

Zamboanga City (17 April) -- An investment group composed of five companies visited Zamboanga City recently for an exploratory mission to study the feasibilities of setting up business here.

The investment mission is composed of representatives from Tarly Investment Group, Sino Investment Inc., Advanced Technology Resources Inc., Leisure Exchange Inc., and JJ Mining Inc.

The group’s business interests are in hotel, leisure business, construction, mining, water and irrigation.

Jun Herrera, spokesperson of the investment group said investors are looking at opportunities here and are exploring the investment areas where they could invest.

Herrera specifically said Taiwanese investors are keen in the tourism business in Zamboanga City but the city needs a good workable marketing plan and excellent public relations (PR) man to make it in a globalize marketplace.

“Zamboanga City needs a good PR man to market the advantages of the city to the world” he said.

Herrera, a hotel operator in Baguio, said there are bright prospects in the tourism industry in the city after learning that hotel occupancy rate have remained high.

“We tried to book in a hotel and we found out that hotels were fully booked,” he said.

“We know that it could be seasonal but it is a sign that rooms from good hotels can no longer serve the influx of tourists,” he added.

Herrera explained Zamboanga City has become an attractive investment area because of the magnitude of growth in commercial, trading and other economic activities.

He said the city has enormous potentials particularly in areas like marine and mineral resources.

An added advantage is the presence of the Zamboanga City Economic and Freeport Authority (ZAMBOECOZONE), which grants tax incentives to investors who are gearing up their products for export markets, Herrera said.

He said the infrastructure supports are in place like the deep-sea port, an international airport, and road networks are available. (PIA ZC) [top]

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