Davao Region, your business and leisure destination
If you are looking for a place where you can pour in your resources, or simply to enjoy a worthwhile vacation, Davao Region is definitely a must-visit destination.
The place-to-be, which is also known as Region XI, occupies 6.6% of the Philippines’s total land area, or 20% of Mindanao’s, making it capable of offering several business and investment opportunities while providing you a perfect haven for your leisure needs.
The region’s 19,671.8 square kilometers land area is blessed with vast natural resources, reliable facilities, a conducive business environment, and home to highly competitive human resources.
Its expanded infrastructure and telecommunication capabilities have strengthened further its position as the Philippines’s gateway to the East ASEAN Growth Area and as Mindanao’s transshipment hub, favorite convention site in the island-region and a fast-growing ICT hub in the country.
To sustain Davao Region’s unstoppable economic boom, stakeholders both from the government and private sector have been working together towards providing an environment where business growth is always within reach. Amid this, DTI-XI has been at the frontline in proactively crafting and implementing strategic programs and projects to make the region the premier investment and leisure destination.
It is worth noting that it posted an economic growth of 10.9% in 2017. It takes pride for being the 2nd fastest growing economy among the 17 regions in the country last year.
Meanwhile, in terms of investments registered with the Board of Investments (BOI), an average growth rate of 90% was recorded from 2015 until 2017 (3rd quarter). When it comes to tourist arrivals, the regional office of the Department of Tourism (DOT) recorded 2,063,142 local and foreign visitors and overseas Filipino workers who came home during the first nine months of 2017.♦