The Davao City Investment and Promotions Center (DCIPC) is considering the conversion of two large areas here into industrial parks to further boost economic growth.
“We are to conduct a feasibility study to develop an industrial park in a privately-owned 80-hectare lot in the North, in Tibungco and Bunawan. We also have the 25-hectare lot owned by the city in Barangay Daliao, Toril District,” Christian Cambaya, the DCIPC chief for investor and assistance, said in a press conference here Wednesday.
Once developed, Cambaya said the city-owned land areas could be compared to big-ticket projects in Sarangani, Pangasinan, and Clark in Pampanga.
The DCIPC is also set to review its current policies to add more priority investment areas so that it will be attractive to the business players, he said.
“This was already introduced in the past (creating an industrial park or ecozone) but we were hampered by budgetary constraints,” he said.
To date, he said the city has allocated PHP2 million for the feasibility studies on the project.
The Bureau of Investments said industrial parks can help boost tourism, movement of goods, people and services, technology, and foreign direct investment inflows. (PNA)