The Puerto Princesa city government and the United States Agency for International Development (USAID) organized an investment forum in Manila last week in order to promote business opportunities in the Palawan capital.
Local and foreign companies promised on Wednesday to invest more than 27 billion dollars in the City of Puerto Princesa on the back of its economic growth potential and conducive business environment.
The committed projects are mostly related to tourism, food, agriculture, fishery, education and business-process outsourcing industries. The Mayor Lucilo Bayron said those investments correlate to the priority sectors the city government focuses on. The local government of Puerto Princesa promised to take care of investors’ needs by ensuring ease of doing business in the city.