Rizal province to rise as next foreign investment hotspot

Rizal province is poised to become the next sought-after foreign investment hub in Southern Tagalog, fueled by the region’s rapid industrial growth. As Cavite, Laguna and Batangas approach full capacity, the Board of Investments (BOI) is proactively preparing Rizal province to accommodate an outpouring of investments and cater to the relocation needs of foreign investors.  

The BOI, through its Domestic Investment Promotions Service, recently conducted a capacity building training (CBT) in Rizal Province, to empower local stakeholders to promote their province and attract more foreign investments. This effort is part of the Agency’s ongoing commitment to enable Local Government Units (LGUs) in making their areas investment-ready for Foreign Direct Investments (FDIs).

Conducted at the Eugenio Lopez Center in Antipolo City, the two-day training program drew over 70 DTI business counsellors and planning and investment promotion officers from various LGUs. The training aimed to provide participants with a deep understanding of the significance of FDIs in the local economy, and equip them with the necessary tools and strategies to attract foreign investments to their location. As a culmination of the training, the participants from the 14 municipalities in Rizal engaged in a workshop where they prepared provincial / municipal investment and location profiles, highlighting their competitive advantages and enticing more foreign business to invest in their province.

The recently-concluded CBT is a follow-through activity of BOI’s Strategic Investment Promotion Plan (SIPP) Roadshow last November 2022, at the First Pacific Leadership Academy, Antipolo City.  The Agency then conducted the roadshow to drum up awareness on how to take advantage of SIPP opportunities and be able to maximize the investment package that it offers.