By Armando B. Fenequito Jr.
DAVAO City is undeniably the newest investment haven in the country.
No less than the father of the city, Mayor Rodrigo R. Duterte, acknowledged the fact that investments are pouring in over the last five years.
This development, he said, is keeping the businessmen optimistic on the potentials of the city best known for its delectable durian and the iconic orchid waling-waling.
â€œI am happy that our businessmen are upbeat,â€ Duterte told reporters after delivering his message during the well-attended opening ceremonies of the 3rd Davao Investment Conference (Icon) at SM Lanang Premierâ€™s SMX Convention Center Wednesday night.
Duterte said events like the Davao ICon is one such business activity that helps bring investments to the city and lauded the organizers for making this happen.
Most of the investments that are coming Davaoâ€™s way and contributing to its economic growth over the years, he said, are on real estate and construction.
The 3rd Davao Icon is being organized by the Davao City Chamber of Commerce and Industry Inc. (DCCCII) in cooperation with the City Government of Davao thru the Davao City Investment Promotions Center (DCIPC) and City Planning and Development Office (CPDO). The three-day activity focuses on the sectors of real estate, tourism, ICT and manufacturing.
Event chair Architect Daniel T. Lim earlier said the event was spefically staged to attract more investors not only to Davao City but the rest of Mindanao.
â€œThe third Davao ICON is to promote Davao City as a premier investment location. This is an event to market Davao,â€ said Lim, immediate past president of the DCCCII.
Taking part in the 3rd Davao ICON are stakeholders in the real estate industry such as developers, realtors, as well as professionals involved in the land development and construction industry.
Davao City is a major hub in Mindanao and boasts of a high growth rate that is even national than the national level, according to Lim.
Around 400 individuals are participating in this yearâ€™s edition of the biggest business event to take place in a city now experiencing a tremendous growth in real estate.
Lim, meanwhile, also cited the contribution of Duterte himself to the growth of Davao over the years.
Not only is Davao attracting investors because of its low power rate and quality water, but also because of the mayor whose brand of governance is the envy of Filipinos.
â€œMayor Duterte represents governance with integrity and respect,â€ Lim said.