LOOK | DAVAO CITY TRIPLES INVESTMENT PERFORMANCE IN 2023, SURPASSES TARGET FOR 2024
The Davao City Investment and Promotion Center (DCIPC) has achieved a record-breaking performance, approving incentives for companies with a total investment of ₱3.38 billion in the first nine months of 2024—three times the investment amount recorded for all of 2023.
The city’s sister city agreements have also played a crucial role in attracting foreign investors. Among these, the partnership with Jinjiang, China, established in 2018, has been the most successful. This collaboration brought in major projects, including a ₱24-billion steel mill plant, which is set to commence operations soon.
Source: Newsline Philippines
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