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PIA Press Release
2007/12/04

Davao Oriental attracts Spanish investors

By Mai Gevera

Davao City (4 December) -- After receiving positive interest from some Spanish investors who visited some towns of Davao Oriental Province, provincial governor Corazon Malanyaon joined President Gloria Macapagal-Arroyo in a seven-day European tour.

Malanyaon is just one of the presidential team who want to enhance and strengthen ties with European countries in terms of economic, historical, and cultural ties between the two countries.

Davao Oriental is a potential investment haven of Spanish businessmen as they were able to tour the province recently.

"They told me that they were planning to pour huge amount of investment in the province," she said.

This was also the same reason why President Arroyo decided to include her in her team who arrived in Spain last Saturday. The Philippine team was welcomed by Spain's high-ranking officials like Foreign Affairs and Cooperation Minister Miguel Angel Moratinos and Spanish Ambassador to the Philippines Luis Arias Romero.

While the President is bound to promote the entire Philippines to the different investors in Europe, Malanayaon on the other hand was all set to promote and sell Davao Oriental to potential European investors.

Among the known sceneries in the province are world-class white sand beaches, vast forests, crystal-clear waterfalls and many more.

"It is also just here in Davao Oriental that offers the vast forest of bonsai trees. This is our new flagship destination," Malanyaon said.

Besides European businessmen, Chinese investors also expressed interest in investing in the said province. After the European visit, the governor will then proceed to China to hold talks with interested investors who pledged to pour in millions for a fish processing plant in the province.

Davao Oriental boasts its 448 kilometer-coastline that could be maximized for deep-sea fishing. The governor supported the deep-sea fishing industry by developing the existing six fishing ground found all over the province. (PIA XI) [top]

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