The Europe Investment Roadshow led by the Department of Trade and Industry has resulted in P73.75 billion worth of investment leads, with renewable energy and IT and Business Process Management sectors receiving the larger share in the investment pie.
The trade chief said six projects are in the renewable energy sector, six are in the IT-BPM sector, particularly four on the establishment and expansion of global business centers and shared services in IT solutions for cybersecurity and one lead in game development; while two are in manufacturing, and one in construction services; and, one in acquisition.
Meanwhile, BOI Managing Head Ceferino S. Rodolfo divulged that among the infrastructure-related investments secured from the roadshow is a tunnel boring machine, an equipment which will be used to complete the Metro Manila Subway Project. Meanwhile, the trade chief explained the timetable of the investment leads that the Philippine delegation secured from the three-week investment trip in Europe, if not all, will “come to fruition” within the next five years.
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