A Singapore-based Chinese firm is eyeing to pour in an estimated $8.8 billion worth of investment for a 2,000-hectare industrial park in Northern Mindanao.

In his Facebook post below, PEZA Special Advisor to the Director General for North America and ASEAN Elmer Francisco disclosed that the proposal will generate thousands of jobs for Filipinos particularly in Northern Mindanao. Further information gathered also revealed that the Chinese group’s visit was facilitated by Philippine Ambassador to Singapore Joseph Yap relative to the group’s intent to register with PEZA. Initially, the two sites being eyed are in Phividec Industrial Estate and at Laguindingan-Alubijid-El Salvador City area. The group will be in Cagayan de Oro this week to visit the sites.

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