During Tuesday’s Pulong-pulong ni Pulong (PPP) at the Sanguniang Panlungsod building, Davao City Councilor Bernard Al-ag announces that the City government forged partnership with Chinese investors to pour in big investments projects in the city after a successful talks held at Shanghai, China between Chinese investors and select city government officials. (Maria Patricia C. Borromeo/davaotoday.com)
DAVAO CITY, Philippines — Chinese investors are planning to pour in major investments here with infrastructure, tourism and agricultural business as their main targets, a City councilor said Tuesday.
Councilor Bernard Al-ag, together with other Davao City government officials led by Vice Mayor Paolo Duterte, visited Shanghai, China this month to explore possible investments, noting this as a sign of improved relationship between China and Philippines.
Al-ag said the city government aims to increase the number of agricultural products to be exported to China.
He said that fruits like durian, mangosteen and avocado and vegetables will be exported to China as well.
Al-ag added that they offered the tourism development zone of the Davao covering the areas of Barangay Catigan, Barangay Bayabas and Barangay Tagurano in Toril district, and some areas in Marilog District.
“This is according to our comprehensive land use plan as tourism development zone so we are offering these areas for tourism development,” he said.
Al-ag added that part of the discussions with Shanghai officials was to establish more public resorts to increase employment rate rather than private establishments.
“If we put up resorts, the employment is much higher rather than putting up vacation houses,” he said.
Al-ag said a group of Chinese real estate investors from Shanghai will be coming over next week to look for opportunities here. (davaotoday.com)
