PBBM: $120M worth of agreements with Saudi business leaders to benefit 15,000 Filipinos

📆 10/19/2023 4:32 PM
📰 BusinessMirror

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President Ferdinand R. Marcos, Jr. on Thursday said that over US$120 million worth of agreements will be signed during his round table meeting with Saudi business leaders.

“The agreements that will be signed today are set to benefit more than 15,000 Filipinos in training and employment opportunities across a wide range of professions in the construction industry,” the chief executive said in his speech during the event.

He also urged them to consider investing in the Maharlika Investment Fund, the Philippines’ first-ever sovereign investment fund. The Philippines, he said, offers Saudi business considerable advantages, which includes its high economic growth trajectory, skilled workforce, foreign investment-friendly policies, its location in the ASEAN as well as membership in the Regional Comprehensive Economic Partnership economies.

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