Davao City has secured a total of P237 million worth of investments this month, further strengthening its position as a key business and industrial hub in the Philippines. The Davao City Investment Promotion Center (DCIPC) approved the investments from two companies: Aerwall Philippines Inc., a manufacturing company that has launched operations in the city, and Nakashin Davao International, a firm engaged in manufacturing and export.
Christian Cambaya, Head of the DCIPC’s Investor Assistance Servicing Unit, highlighted the significance of these investments in an interview. He emphasized that the entry of these firms reflects the city’s continuous economic growth and potential as an investment-friendly destination.
“New investments bring job opportunities for our residents, leading to a lower unemployment rate and improved quality of life,” Cambaya said.
The presence of established firms in the city not only enhances employment opportunities but also contributes to increased local government revenue through taxes and fees, which can be allocated for development projects. Cambaya further noted that the rise in business activity could attract more investors in the future, reinforcing the city’s reputation as a prime location for enterprises.
Aerwall Philippines Inc.’s investment particularly signifies confidence in Davao’s industrial potential. The company specializes in manufacturing precast concrete walls, precast concrete structures, and other structural finishings. Its primary product, the Expanded Polystyrene System Wall Panels (EPS-WPs), is expected to cater to the growing demand for innovative and sustainable construction materials.
Meanwhile, the entry of Nakashin Davao International, Inc. is poised to boost the city’s export industry. The company will focus on exporting fresh frozen products such as mangoes, pineapples, bananas, and other tropical fruits to markets in Japan, Europe, and other international destinations. This move is expected to strengthen Davao’s position in the global agricultural trade sector.
With these new investments, Davao City continues to solidify its reputation as a prime location for business and industrial expansion, paving the way for sustained economic development and prosperity.