A Qatar-based real estate company is now proposing to lease
various islands in the Philippines under the administration of President
Rodrigo Duterte to build landmark areas to create our own version of Dubai, Abu
Dhabi and Japan.
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| Burj Al Arab in Dubai |
According to Charito Plaza, PEZA Director-General, in an
interview with Gulf News, one of the leading newspaper in the Middle East, the
Shaikh of Qatar has pushed the real estate company, Al Nitaq, to take advantage
of the Philippines under President Duterte.
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| Circular Building AlDar in Abu Dhabi |
“The Shaikh of Qatar has pushed the real estate company to
take advantage of the Philippines’ strong economic growth and attractive
investment scheme,” said Plaza.
Al Nitaq, the real estate company interested to invest in
the Philippines will visit the country before the year ends to conduct studies.
“The arrival of the Qatar-based businessmen has inspired
PEZA to offer lease agreements with investors who want to build landmark areas
of Dubai, Abu Dhabi, and Tokyo on Philippine islands,” said Plaza.
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| Great Buddha of Kamakura in Japan |
She also stated that her office is preparing for an
international roadshow for this kind of “new investment in tourism.”
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| Monument of Pear in Qatar |
The Qatar-based company planned to lease some Philippine
islands which will be divided into economic zones for agro-forestry and
agro-industry. Other islands will be set apart as energy centers and tourist
destinations.
President Duterte mentioned earlier the notion of leasing
the Philippine islands to foreign entities provided that will pay rental for
those buildings and infrastructures, thereby creating the country’s income.
The National Mapping and Resource Information Authority
(NAMRIA) have been tasked to identify suitable islands for leasehold by foreign
investors.
“This will help the Philippine government identify islands
where foreign investors can build economic zones, industrial cities, and
tourist destinations.” added Plaza.
Source: Gulf News
Reviewed by Yen
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December 10, 2016
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