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More agri, aquatic investments in ARMM sought

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By Nonoy Lacson

 

ZAMBOANGA CITY  – The  Regional Board of Investments of the  Autonomous Region in Muslim Mindanao (RBOI-ARMM), in cooperation  with  the business sector and the ARMM  government, jointly  called on traders from Basilan, Sulu and Tawi-Tawi  for greater investments in the aqua marine products and fisheries sector.

ARMM Map (Photo courtesy of Google Map)

ARMM Map (Photo courtesy of Google Map)

 

RBOI-ARMM chairman Ishak Mastura said Sulu, Basilan and  Tawi-Tawi  are surrounded by rich fishing grounds such as Basilan Strait, Moro Gulf, Sulu Sea and Celebes Sea, producing quality aqua marine products and fishes.

Mastura said both provinces have good soil attributes and sound climatic conditions suitable for highly valuable agricultural and industrial crops such as corn, coconut, rubber and many others.

According to Mastura, these positive characteristics attract investors to come and invest in the island provinces and there are investors ready to invest in ARMM.

“As of July 2017, we have registered P3.2 billion worth of investments despite the ongoing Marawi crisis and we are expecting additional P1.5 billion costs of investments from companies engaged in cacao plantations and other agri-based projects before the year ends, Mastura further said.

ARMM Governor Mujiv Hataman also calls for more investments in Basilan and Sulu.

“We want more investments in the region to prevent the formation of lawless elements in these areas, because what brings them to this situation is the lack of job opportunities which can be addressed if there are more businesses that will create productive activities and provide them with livelihoods to support their families. The ARG is doing its best to provide business friendly conditions amidst crisis, Hataman said.

One of the highlights of the roadshow was  the awarding of RBOI Certificate of Registration to J. Sayang Shipping Lines, Inc., the  first shipping lines to serve the  shipping needs  of traders in the ARMM.

 

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