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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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