Davao sets first investment confab

DAVAO City — A business conference aimed at promoting Davao City’s potential investment areas will be held this month of August.

Department of Trade and Industry City Director Teolulo Pasawa said that the event has already gathered support from the city’s expatriate community as Malaysian, Japanese, Belgian, Dutch and Swiss nationals residing in the City has pledged support for the conference.

Pasawa said these nationals are already promoting to their fellow countrymen the conference. A Belgian national, according to Pasawa, is back in his country actively wooing fellow Belgian businessmen to consider investing in Davao City.
“What makes the conference unique is that foreigners residing in Davao are involved in trying to promote it,” Pasawa said. He added that they are constantly meeting with these expatriates.

The investment conference organized by the Davao City Chamber of Commerce and Industries Incorporated (DCCCII), City Government of Davao and the DTIl be held in the third week of August in time for the investors-visitors to experience the city’s popular Kadayawan Festival held usually in that time of the month.

The confab is aimed to present investment opportunities in Davao City. It will be marked by sessions highlighting investment potentials in different sectors. One session will also deal with the effect of an open-skies policy in the city’s economy.

Pasawa hopes the conference will promote other business potentials in the city. In the first-quarter of 2011 tourism, housing and property development were among the top investments in the city.

The city is hoping to snag investments in recreation and sports facilities particularly in building convention centers, light manufacturing, transshipment, environmental protection, agri-business and food-processing.

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