DAVAO CITY—Four investors poured new ventures last month into the Bangsamoro Autonomous Region in Muslim Mindanao , totaling P1.16 billion, raising prospects for the regional government to exceed its investment target for the year.
The Power-Up Ventures would invest P551,050,000 in petroleum product distribution at Polloc Port, Parang, Maguindanao Del Norte. Mohamed Ablla Ali Abouzeid, project engineer of Asia Academic Integrated School and an Egyptian national, said the company decision to invest in education in Cotabato City was based on a personal assessment of the area’s peacefulness and its viability for various investments.
The four investment projects are expected to generate 259 job opportunities, “showcasing the positive impact of increased investment in the region,” the information office of the BARMM said.