The Philippines can get as much as $100 million in annual investment opportunities from the government of the United Arab Emirates (UAE) and its private sector focusing on infrastructure and aviation facilities.
“The Philippines can now have access of up to US$100 million in yearly fund flows from the Abu Dhabi Fund to finance government priority projects in infrastructure and social support activities,” said Department of Foreign Affairs (DFA) Undersecretary for International Economic Relations Antonio Rodriguez.
In a statement Thursday, the DFA said this is possible through public-private partnership (PPP) projects under the Abu Dhabi Fund for Development.
These investment opportunities were disclosed by Abu Dhabi Fund director general Mohammed Saif Al Suwaidi, during the Philippines-UAE business meeting in Manila last week at the Makati Shangri-la Hotel.
The meeting was held at the sidelines of the recent visit of UAE Foreign Minister Sheikh Abdullah Bin Zayed Al Nahyan, on the occasion of the 30th anniversary of the establishment of diplomatic ties between the Philippines and the UAE.
During the foreign minister’s visit, Rodriguez and Philippine business leaders met with the UAE delegation, which included Al Suwaidi and Dubai Port World board chairman Sultan Ahmed Bin Sulayem.
Sultan Bin Sulayem expressed interests in pursuing partnership in tourism and aviation, and increasing economic ties between the two countries.
Board of Investments director Dennis Miralles and National Economic and Development Authority infrastructure staff director Kenneth Tanate was interested in pursuing PPP projects under the Abu Dhabi Fund.
At the same time, the government and private sectors can take advantage of the low financing costs available from the UAE development fund, said foreign affairs director for economic diplomacy unit director Eric Tamayo.
“Various businessmen conveyed their interest in undertaking collaborative projects with UAE businessmen in the areas of construction, architecture and design, ship crewing and manning, tourism, aviation, large-scale manufacturing, logistics and various other sectors,” Rodriguez added. — With Jerrie Abella/LRS/VS, GMANews.TV
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
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