Investors sought for 51 ‘funding-ready’ projects

The Department of Trade and Industry (DTI) is seeking investors for 51 Luzon-based projects that have been deemed “funding-ready” and just needing financial backing to get off the ground.

According to the technical working group of the Luzon Investment Conference (Licon), which is being spearheaded by the DTI Regional Operations and Development Group and the Board of Investments (BoI), these 51 projects would be offered to investors at the Licon on November 24.

These investment opportunities span a wide range of sectors, including agriculture, agri-business, energy, fishery, green projects, housing, infrastructure, industrial park, manufacturing and tourism.

Also during the investment conference, key investment destinations in the eight regions of Luzon will be highlighted and Luzon-based businesses that have experienced success will share their stories.

The conference also aims to build better relationships among Luzon local governments, industry organizations and business groups. It will also serve as a venue for networking and business-matching.

“The investment opportunities will target inclusive growth to uplift the poor and marginalized, as expressed in the Social Contract of President Aquino to the Filipino people,” Trade Secretary Gregory Domingo said in a statement issued Thursday.

According to data from the BoI and the Philippine Economic Zone Authority, Luzon accounted for the bulk of investment commitments in the first nine months.

The largest chunk came from Region 4 at P94.64 billion, or a 21-percent share of all investments registered during the period. Region 3 accounted for the second-biggest share of investment pledges at a total of P87.49 billion, followed by the National Capital Region with P77.24 billion.