BOI eyes P2 B potential investments in Zamboanga

MANILA, Philippines — The Board of Investments (BOI) expects over P2 billion potential investments in the Zamboanga Peninsula following the conduct of roadshows on priority sectors being promoted by the government.

The BOI said the estimate was based on 22 investments leads during the agency’s roadshows for the Investment Priorities Plan (IPP) recently held in the Zamboanga Peninsula.

Of the estimated potential investments, P1.4 billion are for projects in Dipolog, while P281 million are for projects in Pagadian.

In addition, around P175.5 million for projects in Zamboanga Sibugay, while P90 million would be invested in Zamboanga City.

Of the 22 investment leads, half are for the tourism sectors and the other half are agri-based, creative knowledge, energy-related and manufacturing sectors.

“Once these leads are realized, 1,267 jobs will be generated,” the BOI said.

The BOI’s roadshows were attended by around 180 participants. It discussed the 2017 to 2019 IPP which identifies activities qualified to receive incentives from the government, as well as the process of registration of projects with the agency.

Under the IPP, the following have been identified as preferred activities: all manufacturing activities including agro-processing; agriculture, fishery and forestry; strategic services; healthcare services including drug rehabilitation centers; mass housing; infrastructure and logistics including local government unit – public private partnership projects; innovation drivers; inclusive business models; environment or climate change-related projects; and energy.