Davao City for
some time now has been considered as a bastion of peace, freedom, progress, and
prosperity. It is the centrifugal force that brings people, products,
businesses, and services to work together at the center of development.
In
fact, it is recorded to contributed 10.7 percent of the country's annual GDP
last year. Owing mostly to is booming services and industry which has 49.6
percent and 39.2 percent respectively. Meanwhile, its agricultural sector does
not fall behind with an 11.2 percent of its local economy.
As it continues
to rise, let's take a look at what drives and makes Davao the new economic
center of the Philippines.
Major Infrastructure Projects
National Economic
Development Authority (NEDA) released last March 20 the 10 key developmental
projects for Davao which amounts to P94B. The goal of the projects is to help
decongest the Poblacion district by providing roads and thoroughfares and make
urban centers accessible to areas minimizing transaction costs.
Pipelined projects include Zoning of top-notch educational
institutions in barangays Mintal and Tugbok west downtown, reclamation of 200
hectares along the coastal area downtown where new ports and businesses are
expected to flock, and major road and highway constructions which are geared to
making the city a highly industrialized one.
A Safe Davao
The city is known
and hailed to be one of the safest cities in the world. Owing to its Respect to
order and the rule of Law. The former mayor now President Rodrigo Duterte made
it his personal advocacy to make the city a safe, conducive area for families to live and thrive. Several policies and
regulations ensure that citizens follow and recognize these local ordinances.
Crime Index in
Davao is at 28.76 which is low for a highly industrialized city, while its
safety index is pegged at 71.24. it also got an 80.19 percent for walking alone
at daylight, while 73.06 for walking alone at night.
Mobility of Capital
Davao had its record-high
investment portfolio with an 18 percent increase from last year. This reflects
the confidence of businessmen in the City's fiscal policies as well as local
safety programs. A total of 40,000 new and renewed business were registered
with whopping capital of P270B or more than $5B. This influx is set to increase
as investors from Japan, China, and Malaysia are scheduled to surveil the area.
Emerging Local Eco-tourism
The influx of
capital is not without the surge of tourist curious to see what the city has to
offer. Reaching its 2 million marks, Davao had its highest foothold of
tourists. Prompted by the ascendancy of President Rodrigo Duterte to power, it
became a popular tourist destination.
Some known spots include Mt Apo, Panas
Falls, Museo Dabawenyo, D'Bone Collector museum to mention a few. And with
Plans to have direct international flights to the city through Qatar Airways,
tourism is expected to spike more.
Needless to say,
Davao is shaping up to be an economic force that’s going to help the country’s
economy, an opportunity for
investors that shouldn’t
be missed.
Davao have sustain a lot especially in its economic aspect. There are lot of cheap apartments for sale good for professional who just want to live the city temporarily because of their work.
ReplyDeleteThe Davao Region is expected to sustain its strong economic performance . I think one of the reasons that they were able to sustain their economic performance is the producers continue to produce the needs of the consumers, for example the real estate philippines, the real estate industry has continued to produce a lot of properties which a lot of consumers need. They even have this pag ibig housing , where consumers can pay through their pag ibig.
ReplyDeleteThe Davao Region is expected to sustain its strong economic performance . I think one of the reasons that they were able to sustain their economic performance is the producers continue to produce the needs of the consumers, for example the real property listing cebu estate philippines, the real estate industry has continued to produce a lot of properties which a lot of consumers need. They even have this pag ibig housing , where consumers can pay through their pag ibig.
ReplyDeleteThe Davao Region is expected to sustain its strong economic performance . I think one of the reasons that they were able to sustain their economic performance is the producers continue to produce the needs of the consumers, for example the real estate philippines , the real estate industry has continued to produce a lot of properties which a lot of consumers need. They even have this pag ibig housing , where consumers can pay through their pag ibig.
ReplyDelete