NextGen Day

Malacanang stated on Thursday that Dubai-based logistics company DP World has indicated an interest in establishing an industrial park at Clarkfield in the province of Pampanga.

President Ferdinand R. Marcos Jr. met with DP World executives on Wednesday (Zurich time) in Davos, Switzerland, as part of the World Economic Forum (WEF), according to a statement from Presidential Communications Office (PCO) Secretary Cheloy Garafil.

Following a meeting with President Ferdinand R. Marcos Jr., the logistics giant DP World committed on Wednesday to growing its operations in the Philippines and expressed interest in establishing an industrial park in Clarkfield, Pampanga, according to Garafil.

At the discussion, Sultan Ahmed bin Sulayem, group chair and CEO of DP World informed Marcos that the logistics firm has been creating industrial parks in numerous countries and has profitable operations in Dubai, the largest city in the United Arab Emirates.

Additionally, DP World builds industrial parks in Pakistan, India, Egypt, and Senegal.

According to Bin Sulayem, who was quoted by the PCO, “We are committed to expanding and investing in the Philippines.” Therefore, industrial parks in the Philippines are important to us.

In response, Marcos stated that the Philippine government must choose potential locations based on operations, planning, and optimum location to promote local development.

Marcos expressed his administration’s openness to public-private partnerships for infrastructure development by saying, “And if it’s viable and those places are genuinely valuable for your operation, then, that would be something that we can instantly implement.”

Since its founding in 1972 as a small port operator in Dubai, DP World has grown into a major global logistics player operating in more than 69 nations on six continents.

Through a seamless, connected global network of ports, terminals, economic and free zones, logistical hubs, and maritime services, DP World currently transfers 10% of the world’s trade.

Since sea transportation is the least expensive method of transferring cargo, Bin Sulayem claimed that DP World can bring value to the supply chain in the Philippines, where 90 percent of transit occurs by water.

‘Timely’ involvement

Benjamin Diokno, the finance secretary, claimed in a Davos interview on Wednesday that Marcos’ attendance at WEF is “extremely timely” for “selling” the Philippines to international business executives and investors.

Diokno claimed that WEF is used by the Marcos administration as a platform to promote the “very wonderful story” of the Philippines.

“Maraming na-accomplish (There are a lot of achievements), “He made this statement in reference to Marcos’ successes at the WEF. “Naipaliwanag naman natin ‘yung economy of the Philippines. We are able to explain the state of the Philippine economy, but the objective of this is to sell the nation. Our goal is to effectively market the nation here.”

increased investments

In a different interview, Senator Mark Villar expressed optimism that Marcos’ visit to Switzerland will increase foreign investment in the nation.

Villar asserted that Marcos’ meetings with business executives, descriptions of the nation’s economic achievements, and launch of the proposed sovereign wealth fund will all be to the nation’s advantage.

“And if we secure additional investment, there will be more job opportunities in our nation, which will open the door for the further development of our economy, siyempre po dadami po ang opportunities sa ating bansa, dadami po ‘yung job opportunities sa ating bansa at lalong aasenso ang ating ekonomiya,” “said he.

Marcos has been engaging with various business executives from across the world to discuss investment potential in the Philippines.

According to Marcos, the business meetings will provide prospective investors a chance to learn about the government’s policies, laws, and other regulations aimed at improving the economic climate in the nation.

“The problems with business ease are something we always run with. We are already making moderate but steady progress in several areas. We can never move quickly enough, therefore I say slow, but at least, I believe we are making progress in that direction,” he remarked.

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