RSA’s SMC to complete industrial estate in Davao
Diversified conglomerate San Miguel Corp. (SMC) of Bilyonaryo Ramon S. Ang is bullish about he prospects of Davao to become one of the country’s premier investment hubs with the completion of the first phase of its planned 2,000-hectare industrial estate.
The SMC Davao Industrial Estate is seen attracting both local and foreign small, medium, and large businesses as locators will be entitled to incentives granted by the Philippine Economic Zone Authority (PEZA).
Ang, who is president and CEO of SMC, said the project is expected to attract private investments and, more importantly, generate employment and stimulate countryside development.
The centerpiece of the investment will be San Miguel subsidiary SMC Global Power Holdings Corp.’s brand new 600-megawatt power generation facility, set for partial commissioning starting in the second quarter of this year.
The power facility, seen to improve power security in the Mindanao region, will provide lower electricity rates to the zone and beyond.
The industrial estate will be open to potential investors and locators, and will also have, among other key advantages, an international port with a depth of up to 20 meters, and a private airport with a concrete runway.
“Davao has many unique characteristics that make it a very ideal investment destination. It is home to a growing and skilled workforce, and the peace and order situation is very stable. It is very investment-friendly, and for businesses wanting to locate there, generous incentives are available,” Ang said.
SMC Davao Industrial Estate is also highly accessible via the Davao City and General Santos City international airports as well as the Davao seaport. It is also situated in a generally typhoon-free area near the equator.
“As a company, we always endeavor to invest in industries and areas that will support our country’s growth and improve the lives of our people. Davao is a major growth area, and we want to do our part in helping the region and its people achieve their full economic potential,” he added.
“After all, it has been home to one of our major facilities—San Miguel Brewery Davao—for a very long time now. Through this project, we hope to help pave the way for more investors to come in and contribute to its growth,” Ang said.