South Cotabato, Philippines – In a remarkable feat, South Cotabato attracted a staggering 1.2 billion pesos in investments during 2022, marking another milestone in the province’s economic growth and development.
Tyron Jann Villanueva, head of the South Cotabato Economic and Investments Promotions Center, has set an ambitious goal to surpass last year’s impressive investments before the end of this year. The Provincial Government of South Cotabato is focused on providing investors with a conducive business climate for renewable energy, agricultural high-value investments, and information technology.
“South Cotabato has immense potential for growth in various sectors, and our goal is to harness that potential to create more opportunities for our residents,” he said.
The investment surge in South Cotabato reflects the province’s commitment to fostering economic growth and diversification. With a favorable investment climate and a strategic location, South Cotabato has become an attractive destination for both local and international investors.
The Provincial Government of South Cotabato has been actively working to create an environment conducive to business expansion and development. One of the key areas of focus is renewable energy. South Cotabato is blessed with abundant natural resources, including geothermal and hydroelectric power sources. This has led to a surge in interest from renewable energy companies looking to invest in the region.
Agriculture also plays a crucial role in South Cotabato’s economy, and the province is keen on attracting high-value investments in this sector. The region’s fertile soil and favorable climate make it ideal for various agricultural ventures, including the cultivation of high-value crops and agribusiness ventures.
Furthermore, South Cotabato is making strides in information technology and business process outsourcing (BPO). The province is investing in infrastructure and training to create a skilled workforce that can support the growing IT and BPO industries, providing ample job opportunities for its residents.
As South Cotabato continues to attract investments across these sectors, it is poised for sustained economic growth and development. With visionary leadership and a commitment to creating a business-friendly environment, the province looks forward to exceeding its investment goals in the coming years, benefiting both its residents and the broader Philippine economy. The province takes the lead in creating 10, 000 jobs up until 2028.