First Batch of Qatari & Saudi investors Arrive the Philippines for Palawan, Visayas and Mindanao Million Dollar Projects

Qatari Investment in the Philippines
MOUs worth amounting to US$ 206 million were signed this afternoon between Qatari local companies and the Philippines Economic Zones Authority (PEZA) Photo: Asian Telegraph Qatai

1st batch of investors from Qatar, Mideast visit Philippines

The first batch of investors from Qatar and the Middle East has visited the Philippines to study the locations identified by the Philippine Economic Zone Authority (Peza) for investments in several sectors.

Peza director general Charito B Plaza posted on her Facebook page that investors from the Middle East “are ready” to invest on agro-industrial economic zones, including a 1,000-hectare area for poultry and vegetable crops.

Other projects, according to Plaza, include the development of five islands in the southern part of the Philippines where investors are planning to build a resort, retirement village, and other tourism destinations.

The first batch of Middle East investors is among the 13 companies that signed letters of intent (LoI) with Peza during Philippine President Rodrigo R Duterte’s state visit to Qatar in April.

Speaking to Gulf Times during Duterte’s Qatar visit, Plaza had said Mindanao would be home to most of the $206mn (P10.3bn) worth of investments Peza signed with Qatari investors. She said the investments are expected to generate 5,870 new jobs in the country.

The investments range from retirement village projects, hotel and tourism ecozones, IT services and digital marketing, ecozone management services, poultry and halal food processing, as well as agro-industrial farming, and hospital and medical tourism economic zones, among others.

Plaza said, “While waiting for the Peza board’s approval of their application, we can already start looking for areas and economic zones where the investors can establish their industries. Vast islands in Palawan, Mindanao, and the Visayas are awaiting development.” According to Plaza, Peza had achieved 64% of its $1bn target from its initiatives in Saudi Arabia, Qatar, and the UAE, which Duterte visited in April.

“Thanks to the good economic climate and favorable conditions of the Arab investment market, I am confident that Peza can easily exceed its $1bn target earmarked for the Middle East,” she pointed out.

She also said the Philippines would be an ideal distribution hub for Qatar in fields such as defense, manufacturing, and food processing due to its “strategic location” in Asia and the Pacific.

Plaza also emphasized on the need for economic zones with logistics hubs, seaports, and airports, which are under the helm of the Philippines’ Department of Transportation.

“These logistics hubs must have special economic zone services such as warehouses, cold storage, and container yards so that we have abundant facilities to stock goods while waiting for ships to arrive,” Plaza said. She added, “All types of economic zones can be built in the Philippines depending on the potential and the type of land. Agro-industrial, agro-forestry, paper making, aquamarine, eco-tourism, medical tourism, and export manufacturing remain to be the most popular.”

PEZA & Qatari Investors Sign MOUs of US $ 206 m Investments in Philippines Economic Zones

A number of Qatari business community members and their representatives had one to one detailed meeting with Chairman and accompanying members of Philippines Economic Zone Authority today.

On the sideline of President Duterte visit to Qatar, a number of MOUs worth amounting to US$ 206 million were signed this afternoon between Qatari local companies and the Philippines Economic Zones Authority (PEZA).

Ramon M. Lopez, Secretary (Minister) Department of Trade & Industry of Philippines was also present on the occasion and witnessed the MOU ceremony. On behalf of PEZA, Brig. Gen. Charito Booc Plaza, Director General PEZA signed the MOUs.

PEZA local representatives Joseph Rivera, Greg Loayon and Adel Sa’adeh assisted in organising the signing ceremony.

Philippines Trade minister and PEZA authorities are part of official delegation of President Rodrigo Duterte, who is on his official visit to State of Qatar.

Read more at Gulf Times and Asian Telegraph Qatar

PHOTOS: US First Lady Melania Trump Wears $2,595 Filipino Designer Gown Amid Islamic State Turmoil in Philippines

 US First Lady Melania Trump Wears $2,595 Filipino Designer Gown
First Lady Melania Trump stepped out with her husband, President Donald Trump, to attend the Ford’s Theatre Gala in Washington, D.C. Sunday evening wearing a gown made by a Filipino designer Photo: BRENDAN SMIALOWSKI/AFP/Getty Images

USA First Lady Melania Trump Wears $2,595 Dollars Filipino Designer Gown of  Monique Lhuillier thats looks million price at an event to honor President Abraham Lincoln

First Lady Melania Trump stepped out with her husband, President Donald Trump, to attend the Ford’s Theatre Gala in Washington, D.C. Sunday evening wearing a gown made by a Filipino designer as Islamic State militants continue to wage a large-scale, murderous campaign to establish a Caliphate in the south Philippines.

For their first high-society gathering — at an event to honor President Abraham Lincoln — Melania chose a blush-toned slinky gown by Filipino designer Monique Lhuillier. The dress retails at $2,595.

Melania paired the cap-sleeved dress with matching silk charmeuse, blush-colored Manolo Blahnik pointed-toe pumps and her iconic tousled hair, draping around her face.

 US First Lady Melania Trump Wears $2,595 Filipino Designer Gown
Olivier Douliery-Pool/Getty Images

 US First Lady Melania Trump Wears $2,595 Filipino Designer Gown
Olivier Douliery-Pool/Getty Images

The fashion choice was unique for the former model First Lady, as she rarely wears Monique Lhuillier designs, usually opting for American designers Michael Kors or Ralph Lauren, as well as her favorite Italian brand, Dolce & Gabbana.

 US First Lady Melania Trump Wears $2,595 Filipino Designer Gown
BRENDAN SMIALOWSKI/AFP/Getty Images

Whether direct or indirect, the gown may have been a nod to the Philippines, which has suffered in recent weeks as ISIS extremists have gone on a murderous rampage in the south of the country. Eyewitnesses from the besieged city of Marawi have described how Islamic State terrorists have recruited children as young as 13 years old to carry out executions, as previously reported by Breitbart News’s Frances Martel.

Last month, terrorist fighters from the ISIS-affiliated Maute group freed roughly 100 terrorists from Mindanao prisons before raising the Islamic State flag over the city. Philippines president Rodrigo Duterte — who resides on the island of Mindanao, where Marawi is located — has declared a 60-day period of martial law in response to the ongoing crisis.

Last week, an attack at a Philippines casino left 36 people dead from smoke inhalation after a gunman set fire to the building. The Islamic State claimed responsibility for the attack, but the perpetrator, 42-year-old Jessie Carlos, was later reported to have been a gambling addict who was heavily in debt. read more at Breitbart

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