Mati mayor eyes Davao investors for business growth

Subscribe Now November 03, 2011 at 10:17am

MATI CITY, Davao Oriental, Nov. 02 (PIA) -- Seeing the need to keep up with the growth of neighboring cities, the City of Mati makes bolder steps to entice big investors to do business here. City Mayor Michelle Rabat invited business leaders from Davao City to a business and investment forum dubbed Asenso at Negosyo sa Turismo held recently as a highlight to its annual Sambuokan Festival and its 108th Foundation Anniversary.

“We are targeting Davao-based business to expand or look into the business potentials here in our city. We know our strengths and weaknesses so for now we focus on businesses from Davao,” she said.

Some of the resource persons who tackled about tourism, investment prospects and opportunities are Department of Tourism regional director Arturo Boncato, Davao Crocodile Park president Philipp Dizon, and Quezon Province 4th District representative Lorenzo Tanada III.

The tourism and investment forum was aimed at getting a share of the Davao business market by showing the tourism and business potentials of the city and how supportive the city government in welcoming and accommodating investors.

Rabat announced the plans of the Shangrila Group and the Lhuilliers to develop a portion of the white sand Dahican Beach. Local investors have started resort development. However, the city government eyes a huge investment to be poured in for this tourist site. Visitors frequent Dahican for its huge blue waves, dolphins, turtles, and its relaxing ambiance.

Major banks like RCBC, Bank of Philippine Islands, and Metrobank are set to open their branch in the city. Rabat takes this development as a big start for other investors to consider this city as a next big thing in the region.

With the recent Supreme Court declaration of it being a city, Rabat hopes to boost infrastructure projects next year as it starts to receive a bigger share of the internal revenue allotment.

The city will have a total of P800 million spending capacity next year, with a P550 million IRA and the rest from grants and loans.

The city will be prioritizing the construction of a new Philippine National Police building, school buildings, a juvenile center, and streetlights.

The tourism office also prepares priority investment for next year which includes the following: completion of the Mati Park and Baywalk, establishment of the Menzi Beach Park and Campsite, Davao Oriental Museum, Buso Hotspring redevelopment, and the rehabilitation of the FGR Centennial Sports Complex.

The office is also set to implement tourism programs next year like making the city as a MICE destination or a site for meetings and events in the region. The Mati Dive, the Dahican Cruises, and the Philippine Eagle Sanctuary Tours are also part of the lead tourism programs.


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