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The Philippines’ largest twin investment summit and expo will take place in Dubai next week, and Interior Secretary Benjamin Abalos Jr. will inaugurate it and give a keynote speech in front of notable real estate and investment investors.

According to a news release, Abalos will shed light on initiatives taken by the Philippine national and local government units to promote good governance, peace and order, sustainable development, ease of doing business, and efficient service delivery — factors that increase foreign investors’ confidence in the Philippines.

On May 12–13, 2023, the Radisson Blu Hotel, Deira Creek, Dubai will host the first Philippine Economic and Investment Summit (PEIS) and the ninth Philippine Property and Investment Exhibition (PPIE).

The public can attend the two-day international events without charge.

The dual events, which will give leading companies in the real estate development, banking, finance, and investment industries as well as LGUs a platform to entice foreign and Filipino investors to invest in the Philippines, will be launched by Abalos and Alfonso Ver, the Philippine ambassador to the UAE.

Abalos is ready to offer insightful commentary on the Philippine government’s initiatives to promote efficient public services, more transparent governance, and reliable infrastructure.

The Philippines’ standing as a highly desirable investment hub in Asia will be significantly impacted by the Department of the Interior and Local Government’s active participation in PPIE and PEIS. Investor trust may be increased, in our view at DILG, via LGUs’ accountability and openness, Abalos added.

He will also participate in a knowledge, insight, and strategy exchange geared at developing strong partnerships between the Philippines and the UAE.

Ver claimed that the Philippines have drawn inspiration from the UAE’s “impressive” development as a global development role model.

“I think that by studying their best practices and investment promotion tactics, we can strengthen our collaboration even more. I would like to applaud New Perspective Media Group for organizing the biggest investment conference and expo ever held in the Philippines in the UAE and giving businesses and investors there and throughout the larger Middle East a great chance to learn more about the enormous potential of the Philippine market. We can encourage growth and development that benefits both of our countries through these events, Ver remarked.

Dr. Karen Remo, CEO & Founder of New Perspective Media Group, and chairperson of PPIE and PEIS, said Dubai, being a global business hub, presents the ideal venue for top real estate and investment firms, as well as LGUs, to promote their top investment projects in the Philippines to the more than 190 nationalities based in the UAE.

“The UAE is renowned for its unmatched success in organizing worldwide commercial, government, and consumer events. By promoting investment opportunities, NPM Group hopes to strengthen the already strong relationship between our two countries through PPIE and PEIS, she added.

The National Economic and Development Authority estimates that the Philippine economy expanded by 7.6 percent in 2022, making it the ASEAN region’s fastest-growing economy.

This increase exceeds the government’s aim of 6.5 to 7.5 percent and represents the nation’s fastest rate of economic expansion in more than four decades.

With 8.9 percent of the nation’s GDP and 8.4 percent of its gross national income, overseas remittances continue to be a major driver.

Recent initiatives to further liberalize the economy and increase its attractiveness to international investment will aid this process.

The Philippine government recently enacted policies to cut corporate income tax rates and streamline fiscal incentives, as well as legislation that permits full foreign ownership of businesses that offer public services.

The minimum paid-up capital requirements for start-ups adopting cutting-edge technologies and overseas retailers have also been lowered.

Please visit www.ppie.ae and www.ppie.ae/peis/ for further details or to register for the PPIE and PEIS, respectively.

Rockwell Land, RLC Residences, and Ayala Land are PPIE’s gold and silver sponsors, respectively.

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