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PIA Press Release
2005/12/01

Sarangani officials hail "Invest in Sarangani Project"

Alabel, Sarangani (1 December) -- The provincial government has carried out over the weekend a two-day "Invest in Sarangani Project" to attract investors for plantation agriculture, fruit processing, aquaculture and tourism.

The project included visits to tourism, industries and project sites and a business forum at Isla Parilla Resort in Alabel.

"We are promoting plantation agriculture, processing, and tourism because these are what we can be proud of here in Sarangani," said Nenita Barroso, provincial director of the Department of Trade and Industry (DTI).

Gov. Migs Dominguez said the project, which was able to "highlight our competitive advantages especially in agriculture" was in complement with the national government's economic thrust particularly on the need to accelerate economic growth and to create even more jobs as underscored in President Gloria Macapagal-Arroyo's 10-point agenda.

"We expect to generate more exposure to the private sector, encourage partnerships and investments in further promoting growth and development in the whole province," he added.

President Arroyo has urged the local government units to push different economic reforms "to fight poverty and build prosperity for the greatest number of the Filipino people."

Testimonials on doing business in Sarangani and presentations on business opportunities were undertaken for the business forum.

"Invest in Sarangani Project" expects to generate at least P20 million in fresh investments within six months, according to Romy Martin, trade and industry development specialist of DTI. "The project is a focused approach on investment promotion," he said.

Martin disclosed that around 15 prospective investors from Davao City and Manila have attended the forum.

"We have seen good signs in property development," Martin said. He added that a new investor has embarked on "development planning" in barangay Baluntay, Alabel.

Some 5,000 hectares in Alabel were identified for palm oil plantation while Maitum town has available land for rubber plantations.

"We have the resources. We have the land. We only need investors and businessmen," she said. (PIA-SarGen) [top]

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