Two major companies from the United Arab Emirates (UAE) are planning significant investments in the Philippines, amounting to more than P25 billion, according to the Department of Trade and Industry (DTI).
DTI Acting Secretary Ma. Cristina Roque revealed during her visit to the UAE from October 3 to 5 that Dubai-based logistics giant DP World and Abu Dhabi’s clean energy firm Masdar expressed their commitment to investing in the country.
Roque said in Inquirer.net report that DP World is particularly interested in port development projects. “They’re looking at investing up to P25 billion for port opportunities across the Philippines,” Roque noted, adding that the company is seeking local partners and aims to operate the ports it develops.
In addition to its ongoing project with Asian Terminal, Inc. in Tanza, Cavite, DP World is exploring further expansion in the Philippines.
Meanwhile, Masdar, the Emirati state-owned renewable energy company, is preparing to invest at least P600 million in renewable energy projects, focusing on solar, wind, and battery ventures. The firm is currently scouting for a 50-hectare property to support its renewable energy development efforts in the country.
“They want to get into solar, wind, and battery energy. Their minimum investment will be PHP600 million,” Roque said, emphasizing the company’s commitment to clean energy in the Philippines.
Roque also explored opportunities for Filipino brands to enter leading supermarkets such as Al Maya and Carrefour during her visit to Dubai.
