Qatar & Dubai Royal Families to Invest in the Philippines Under Pres. Duterte
President Rody Duterte during the campaign period promised to invite international investors to the Philippines and will used some idle lands for lease to anybody interested. The vision of Pres. Duterte will come true in the near future after Royal Families in Qatar and Dubai are eyeing investments in the country.
The Royal Families from Qatar and Dubai are looking forward to do business in the Philippines by leasing a million hectares in different islands to set up agro-forestry and agro-industrial zones, energy centers and refineries as well as industrial cities.
The businessmen belonging to the Royal Families of Qatar and United Arab Emirates seek to take advantage of Pres. Rody Duterte's leadership and the country's strong economic growth that are considered an attractive investment climate.
According to director General Charito B. Plaza of the Philippine Economic Zone Authority (PEZA) revealed that representatives from these Royal families would be in the country this week to explore opportunities that could be tapped and look at the islands where they could set up their proposed projects.
One of the Royal Family member is Sheikh Thani Bin Abdullah of Qatar, some of his representatives will visit the Philippines, but this is still in the exploration stage.
They just want to see how our islands look like because some of them have not been to the Philippines, but they've heard good stories about how the Philippines is the best place to invest in because the Duterte administration is very supportive.
The investors also added that they heard some good news that PEZA could provide many incentives for investors like income tax holiday of up to eight years and exemptions in the importation of their capital equipment.
Aside from the different incentives from Peza, they were also offered a lease period of up to 75 years as provided by Philippine laws. The investors are also looking for possible investments and probably looking to convert the islands into cities as what Pres. Duterte dream of, to utilize the country's islands.
Source: Philippine Daily Inquirer
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| Bantayan's Virgin Island, Cebu Province (Photo Credit: Camp Sawi FB Page) |
The businessmen belonging to the Royal Families of Qatar and United Arab Emirates seek to take advantage of Pres. Rody Duterte's leadership and the country's strong economic growth that are considered an attractive investment climate.
According to director General Charito B. Plaza of the Philippine Economic Zone Authority (PEZA) revealed that representatives from these Royal families would be in the country this week to explore opportunities that could be tapped and look at the islands where they could set up their proposed projects.
One of the Royal Family member is Sheikh Thani Bin Abdullah of Qatar, some of his representatives will visit the Philippines, but this is still in the exploration stage.
They just want to see how our islands look like because some of them have not been to the Philippines, but they've heard good stories about how the Philippines is the best place to invest in because the Duterte administration is very supportive.
The investors also added that they heard some good news that PEZA could provide many incentives for investors like income tax holiday of up to eight years and exemptions in the importation of their capital equipment.
Aside from the different incentives from Peza, they were also offered a lease period of up to 75 years as provided by Philippine laws. The investors are also looking for possible investments and probably looking to convert the islands into cities as what Pres. Duterte dream of, to utilize the country's islands.
Source: Philippine Daily Inquirer
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Qatar & Dubai Royal Families to Invest in the Philippines Under Pres. Duterte
Reviewed by Anne Reyes
on
November 21, 2016
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Reviewed by Anne Reyes
on
November 21, 2016
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