COTABATO CITY: Bright business prospects for 2016 here commenced with the upcoming visit of executives of three of the largest business groups in the State of Johor, Malaysia, officials said.
Malaysian traders are set to attend a business forum in Cotabato City later this month, Mayor Japal Guiani Jr said.
It aims to build a “bridge” that will connect local producers and business groups to Johor and reach a larger market. The group of investors includes officials from the ISKANDAR Regional Development Authority, Johor Corporation, IMCoop–the three big players in Johor.
Guiani said the Malaysian investors are arriving on January 25 to personally meet with cooperatives officials and other traders in the city on January 27.
”They would like to see for themselves which industries have the potential to expand operations in Johor,” he said.
Guiani said the visit of Malaysian investors to Cotabato City is one of the results of his business trip to Johor last month where he met with these groups.
In that meeting, the Malaysian businessmen have expressed their intent to invest in Cotabato City and help create livelihood and employment for the Cotabatenios.
“The trip to Johor was one of the major projects that we have planned last year to be realized this year,” Guiani said.
Another factor that added interest to Malaysian groups in exploring investment potentials of Cotabato City is the current progress that the city is experiencing.
Guiani said the Malaysians were impressed with the several recognition that the city has recently received and the growth in the local economy with the opening of several malls and the significant decrease in the unemployment rate.
The city government will showcase the city’s rich aquaculture and agriculture resources as these are the areas that the Malaysian investors are highly interested in.