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Davao Investment

Started by MikeLigalig.com, November 22, 2024, 06:40:23 PM

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MikeLigalig.com

November 22, 2024, 06:40:23 PM

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
Read more: https://newsline.ph/davao-city-triples-investment-performance-in-2023-surpasses-targets-for-2024/


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