PH to strengthen boating industry

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The Philippines is trying to attract more investors in the boating industry geared for tourism. For a country with 7,100 islands, the potential gains in business opportunities and the kind of tourism activity resulting from its development may prove to be extensive, as coastal areas are very good locations that can attract a wide range of industry and businesses. Coastal areas offer plenty of opportunities for recreational activities. As a result, they attract lots of enterprises and people, which in turn require other services and establishments to address their residential and recreational needs. There are more than enough opportunities and resources to maximize the potential of waterfront development, particularly in an archipelago like the Philippines, whose coastline covers more than 18,000 kilometers—a great portion of which remains undeveloped despite the country enjoying continued economic growth.

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