BARMM generates P1.3 billion worth of investments in 2022

The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) on Thursday said it generated P1.3 billion worth of investments which created 1,052 jobs in the region this year.

In a statement, BARMM said the investments generated by the Bangsamoro Board of Investments (BBOI) amount to 64% of the region’s total investment target of P2 billion for 2022.

Among the investments earned include the Pagana Kutawato Corporation with P100 million, Hanabana Construction and Equipment Corporation with P96 million, Usman Banana Farm with P278 million, Nama Concrete Phils. Corp. with P341 million, Mt. Kalatungan Agri-Ventures, Inc. with P223 million, Austrian Trade and Investments Group, Inc. with P170 million, and the Kaltimex Rural Energy Corporation with P76 million worth of investments.

“Considering the vast potentials of BARMM, the certainties and more stable peace and order situation under the leadership of Chief Minister Ahod Ebrahim, these investments would influence regional investors and eventually put confidence to encourage national and even global investors to come in,” BBOI Chairman Mohammad Pasigan said in a statement.

The BARMM said the BBOI also exerted more effort in promoting investments by conducting BARMM-wide Strategic Investment Priorities Plan (SIPP) consultations to attract investors through business coaching and investment facilitation.

“Due to the great agro-climatic conditions and fertile lands present in the region, agriculture has recently risen to the top of the list of investment opportunities in the area. This year though, investors prioritized other investment sectors including infrastructure, manufacturing, and energy because they believe these sectors can thrive in the Bangsamoro region,” it added. — Richa Noriega/BM, GMA Integrated News