MANILA: Two major UAE-based companies, DP World and Masdar, have announced plans to invest over PHP25 billion in the Philippines, focusing on port development and renewable energy projects.
According to Philippines News Agency, during a recent visit to the United Arab Emirates from October 3 to 5, Department of Trade and Industry (DTI) Acting Secretary Ma. Cristina Roque discussed investment opportunities with representatives from DP World and Masdar. Roque revealed that DP World is interested in expanding its port development operations across the Philippines, building on its current project with Asian Terminal, Inc. in Tanza, Cavite. The company is prepared to invest up to PHP25 billion to enhance port infrastructure and operations throughout the country.
DP World’s strategy includes not only developing port facilities but also managing their operations, seeking to strengthen its presence in the Philippine maritime sector. On the other hand, Masdar, a state-owned enterprise from Abu Dhabi specializing in
renewable energy, is looking to invest a minimum of PHP600 million in solar, wind, and battery storage projects in the Philippines. The company is currently searching for at least 50 hectares of land to develop these energy projects.
Masdar is recognized globally for its involvement in significant renewable energy projects such as the 400-megawatt Dumat Al Jandal wind farm in Saudi Arabia and the 630MW London Array offshore wind project in the United Kingdom. These projects highlight the company’s expertise and commitment to expanding its renewable energy footprint globally.
Furthermore, during her visit to Dubai, Roque explored potential opportunities for Filipino brands in major supermarkets such as Al Maya and Carrefour and visited the SariSari Store, a local mart featuring Filipino products.
These planned investments by DP World and Masdar are expected to significantly contribute to the Philippines’ infrastructure and energy sectors, enhancing both economic growth and sustainable development initiative
s.