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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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