THE Bangsamoro Board of Investments (BBOI) generated a total of P1.3 billion worth of investments or 64 percent of Bangsamoro Autonomous Region in Muslim Mindanao’s (Barmm) total investment target worth of P2 billion for the fiscal year of 2022.
BBOI Chairman Mohammad Pasigan said in a statement Thursday, December 29, due to investments, Barmm has also generated a total of 1,052 employment during the year.
This year’s earned investments include the Pagana Kutawato Corporation with P100 million worth of investments, Hanabana Construction and Equipment Corporation with P96 million, Usman Banana Farm with P278 million, Nama Concrete Philippines Corporation with P341 million, Mount Kalatungan Agri-Ventures, Incorporated with P223 million, Austrian Trade and Investments Group, Incorporated with P170 million, and the Kaltimex Rural Energy Corporation with P76 million worth of investments.
“Considering the vast potentials of Barmm, the certainties and more stable peace and order situation under the leadership of Chief Minister Ahod Ebrahim, these investments would influence regional investors and eventually put confidence to encourage national and even global investors to come in,” Pasigan said.
BBOI has exerted more effort in promoting investments by conducting Barmm-wide Strategic Investment Priorities Plan (SIPP) consultations and even goes out of its way to attract investors through business coaching and investment facilitation, according to Pasigan.
Pasigan said that due to the great agro-climatic conditions and fertile lands present in the region, agriculture has recently risen to the top of the list of investment opportunities in the area.
He said that this year though, investors prioritized other investment sectors including infrastructure, manufacturing, and energy because they believe these sectors can thrive in Barmm. (SunStar Zamboanga)