Indonesian city seeks to attract PH investments
MANILA, Philippines - A city in Indonesia is seeking to attract investments from Filipino businessmen.
The Philippine Chamber of Commerce and Industry (PCCI) said Amurang City in Indonesia is inviting Filipino businessmen interested to do business there in the areas of construction, transportation, shipping and container port and terminal development.
Amurang City is located some 685 kilometers from Davao City.
In a statement, PCCI president Miguel Varela said that PCCI is forming a trade mission to visit Amurang to conduct feasibility studies on possible investments, as well as to discuss the offer of Amurang city to donate certain city property to Filipino investors.
The business opportunities were conveyed by the Philippine Consulate General in Manado, Indonesia, through Foreign Affairs Undersecretary Laura G. Del Rosario.
An Indonesia group is reportedly seeking investment partners for its plans to build a merchant marine academy in Amurang using land donated by the city.
Amurang city is also said to be improving its local infrastructure, including widening of the Trans Sulawesi Highway that connects the city with Manado into a six-lane road and development of its own local port.
Varela said interested PCCI members may contact the PCCI international trade division to join the trade mission.