The Board of Investments (BOI) and the Mindanao Development Authority (MinDA) have forged a partnership to position Mindanao as the country's next major investment hub, according to a report by Philstar Biz.
The collaboration aims to attract both local and foreign investments to the region by streamlining processes and offering incentives. BOI and MinDA will jointly conduct investment promotions and provide support to investors looking to set up operations in Mindanao.
This initiative aligns with the government's broader push to decongest Metro Manila and develop regional growth centers. Mindanao offers strategic advantages including abundant natural resources, a growing workforce, and improved infrastructure.