Multi-billion Dollar Industrial Park Eyed To Be Established in Davao Oriental

Governor Dayanghirang poses with the project contractors of the multi-billion-dollar Marina and Industrial Park during a business forum at the Marco Polo Hotel in Davao City on October 26, 2017.

DAVAO ORIENTAL – A 24-billion dollar investment project is being eyed to be established in the Province of Davao Oriental.

The company Pionaire Finance Ltd. and its partners plan to develop a marina and industrial park here consisting of a Liquefied Natural Gas (LNG) power plant and Water-gen (Water generation) facility, among other investments.

LNG is considered to be an emerging cheaper and cleaner fuel while the Water-gen is a revolutionary water supply solution that uses innovative technology to produce water from the air.

Governor Nelson L. Dayanghirang warmly welcomed the prospected establishment of the multi-billion dollar project in his province.

During a business forum yesterday, October 26, held at the Marco Polo Hotel in Davao City, Governor Nelson L. Dayanghirang warmly welcomed the prospect establishment of the multi-billion dollar project in his province as he met with the investors and project contractors. He also expressed his enthusiasm at the opportunity of generating more income for the local government and more jobs for the people of the Province of Davao Oriental.

The group of investors led by company owner and CEO Asllan Jaku conduct a site visit in Brgy. Maputi, Banaybanay.

Eyeing 1,000 to 2,000 hectares property in the coastal village of Maputi in Banaybanay town, the group of investors led by company Chairman and CEO Asllan Jaku visited the site yesterday. They were accompanied by a team from the Provincial Government headed by Provincial Planning and Development Coordinator Freddie Bendulo.

The location is being considered strategic because of the presence of the Davao Gulf, ideal for the establishment of a port for cargo vessels within the marina they plan to build.

Currently, the Provincial Government has initially identified a 700-hectare land for the project in the coastal village.

A series of forums and studies are set to ensue following the initial conference to be able to come up with an agreement that will cement the commitment of all stakeholders. The project which is one of the biggest investments in Mindanao is set to benefit not only the province of Davao Oriental and Mindanao but also the rest of the country. By Karen Lou Deloso

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