DavOr seeks agri-based investments

DAVAO DEL NORTE November 25 (PIA) - - With almost two years of rehabilitation from the devastation made by Typhoon Pablo, the provincial government embarks now on promoting Davao Oriental as haven for agri-based investment.

Gov. Corazon Malanyaon disclosed in an interview on Friday (November 21) that alongside with other developments after Typhoon Pablo, the province revitalized its economy through more investments in agriculture.

“Since we have vast agricultural land, we prioritize agri-based industries as our main investment area in Davao Oriental,” Malanyaon said.

She said that her vision is to have more commercial crops grown in the province particularly oil palm, cacao and coconut.

Malanyaon said that the provincial government encouraged investors to put up big plantations of the said high valued crops in the province.

“With an economy of scale, we can entice also other investors to locate their processing plant in the province,” she said.

She revealed that the provincial government right now is starting to consolidate 4,000 hectares for oil palm plantation.

“The 4,000 hectares is just an initial phase in the oil palm industry in the province. Big players in the said industry have already showed their interest in investing in our province,” she added.

Aside from the agri-based industry, Malanyaon also said that one of their investment priority areas is the eco and rural tourism.

“We are simultaneously developing our various spots in the province and for the next two years, we will be promoting Davao Oriental as eco and rural tourism destination,” she said. (PIA11, Michael Uy)