Groundbreaking set 2,000-hectare industrial park to rise in Malita

MALI TA, Davao OccidentalEverything is set for tomorrow's groundbreaking of a 2,000-hectare industrial park that will soon rise here.

Located in Barangay Buhangin, Tubalan in Malita the capital town of Davao Occidental, the Davao Occidental Marina and Industrial Park was designated by the Philippine Economic Zone Authority (Peza) as an economic free trade zone.

The groundbreaking ceremony will be graced by Peza director general Charito Plaza, provincial governor Claude Bautista, vice governor lawyer Franklin P. Bautista and Congresswoman Lorna B. Bandigan and partners of Pionaire Finance Limited a company based in Hong Kong also a major partner of the project.

Pionaire Finance Limited, led by chairman and CEO Asilan Jaku, initiated the said project.

The industrial park is estimated to be a $25-billion project that will include the construction and commissioning of a 12,000 megawatt Liquefied Natural Gas (LNG) combined cycle power plant, Chemical Industrial Park, Water-Gen manufacturing facility, LPG & Storage Terminal, 20 million metric-ton refinery, a petrochemical complex and an international port.

The project will serve as an engine of economical growth to Davao Occidental and its neighboring areas this in light of President Rodrigo Duterte’s Build, Build, Build economic agenda. PIA/RG Alama