NDC approves 20-hectare Davao food complex venture
National Development Company (NDC), the investment catalyst arm of the Department of Trade and Industry (DTI), has approved the implementation of the Davao Food Complex (DFC) development, a 20-hectare agricultural economic zone land in Brgy. Dalio, Toril in Davao City.
Trade and Industry Secretary Ramon M. Lopez, who is also NDC chairman, said the proposed DFC will include food processing centers, cold storage and warehousing facilities with tourism attractions that will showcase the processed agricultural products of the region.
Agri-aqua culture for ornamental fish and hatchery facility, technology and business incubation center, as well as water filtration and bottling facility for potable water-related enterprises are also being planned in the complex, according to the trade chief.
With tourism component, the DFC will feature “dampa type” restaurants, festival marketplace, recreation parks and food retail outlets.
The DFC site forms part the entire 25-hectare land owned by NDC, with the other five-hectare currently being converted to the Davao Agri-Trading Center (DATC), whose completion is now at 40 percent, thus making the site of the DFC project more strategic and sustainable.
“Doing this can reduce post-harvest losses and spoilage by as much as 20%, valued at R240 million per year. It will also generate employment of about 3,300 employees based on 220 per hectare labor force density in industrial estates,” said Lopez citing the project’s economic benefits.
Other benefits include increase in value of productive lands in the area, in view of the improvement of local economy; savings in dollar reserves due to reduced volume of imports of fruits and vegetables; maintenance of quality products and good market price; and increase in tax revenue.