By Digna Banzon/PNA
DAVAO CITY — The Mindanao Development Authority (MinDA) has endorsed seven pilot Agro-Economic Zones (AEZs) in Mindanao to prospective local and foreign investors.
Joan Barrera, chief of the MinDA’s Development Division, said the selected pilot areas consisted of strategic production hubs and areas for possible economic activities.
“We are inviting investors to these pilot areas,” she said during Wednesday’s Habi at Kape forum at the Abreeza Mall here.
The seven piloted areas are the Agusan del Sur, Basilan, and Zambo Sibugay as Agro-Processing Zone; Maguindanao as Agro-Economic Zone; Zamboanga del Norte as Agro-Aqua Ecozone; Lanao del Sur, Agri-Industrial and Tourism; and Zamboanga del Sur as Agro-Eco Industrial Park.
Barrera said a Malaysian investor is already doing a feasibility study in Lanao del Sur.
Barrera said the establishment of economic activities in the AEZs will be done through Public-Private Partnership (PPP).
AEZs aim to position Mindanao as a single and highly-integrated economy that is able to leverage and fully participate in economic groupings such as the BIMP-EAGA, ASEAN Economic Community and the rest of the global economic communities, she said.
