The Philippines will be joining the China International Fair for Investment and Trade (CIFIT) 2021 from Sept. 8 to 11 in Xiamen, China.
“For the second year in a row, the Philippines is once again given the distinct recognition as CIFIT’s Guest Country of Honour in 2021 to showcase the best of our country as a leading investment destination. This recognition is not surprising given that the Philippines and China share a long and rich history steeped in both culture and trade,” Department of Trade and Industry (DTI) Secretary Ramon Lopez said.
In a statement Tuesday, the Board of Investments (BOI) said the country will bring its “Make It Happen in the Philippines” campaign to the international fair as it aims to attract investments in manufacturing, hyperscalers, innovation and digital technologies, agribusiness, real estate development, renewable energy, and infrastructure.
“More than offering a one-stop-shopping service for multilateral investment cooperation, CIFIT will help you to select from the widest range of investment projects and business partners from around the world,” Lopez added.
In the country’s participation in CIFIT 2020, the Philippines featured 64 projects worth PHP53.4 billion.
One of the deals that the country bagged during the promotion was a USD77-million real estate project.
The Asia Plaza in the Manila Bay Area, a residential and commercial building, is one of the offshoots of the country’s participation in CIFIT last year.
Construction for the project started last June.
It is expected to create at least 200 jobs.
Source: PNA