PH wooing investors to boating industry

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The Philippines is trying to attract more investors to the local boating industry.

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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. 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. These areas carry valuable economic potential that need to be fully understood, acknowledged, and realized by stakeholders from both the public and the private sector.

Opportunities abound
Coastline development programs can focus on a wide variety of economic activities.

These may include businesses engaged in tourism and recreation (boating, water sports, etc.), sustainable employment, provenance and identity-building particularly for leisure areas, a platform for transport facilities (port facilities), ecosystem services (flood control, power generation, etc.), raising property values for property developers, regenerating urban areas, and many others more.

Here in Asia, Hong Kong and Singapore offer the best case studies for successful marina development initiatives with the rise of the Kowloon central business district and the Marina Bay Sands. However, Hong kong and Singapore have very limited real estate to sustain these kinds of developments, whereas the Philippines has the fourth largest coastline in the world. Thus, the Philippines can strategically position itself as the next promising investment destination for marina development projects.

“The goal of this conference, like the show, is to bring together key people with great ideas and projects all related to the marine industry and start a discussion about applying different strategies and concepts to make the Philippines what it should be, the next Mediterranean of Asia,” Angelo Olondriz, President, Headsail Inc said.

This vision has been the guiding principle for the continuing success of SEA-EX, the country’s boat show and premier nautical lifestyle expo, spearheaded by Headsail, Inc. and the European Chamber of Commerce (ECCP).

The three-day event, which will run from February 20-22, 2015 at Hall 1 & 2 of the SMX Convention Center, conference within the show that will be highlighting themes related to the marine industry in the Philippines.

International and local speakers have been invited to share their expertise on the following topics: Promoting the Philippines as a Mecca for Marine Tourism, Developing the Philippine Boat Industry, Protecting the Philippines Marine Biodiversity for Ecotourism.

The event will bring together businesses involved in the manufacture and distribution of yachts, sail boats, boating accessories, water sports equipment, summer apparel, and resort getaways under one roof—a true celebration of one of the Philippines’ most valuable resource, the ocean.

Running on its 7th year, Sea-Ex aims to be at the forefront, mirroring the slow but steady growth of the leisure boating industry in the country. The event has gone above the traditional trade exposition as it strives to create awareness, growth and change within its field.

One of key highlights of this year’s expo will be the three-day conference within the show that will be featuring important themes related to the marine industry in the Philippines. This year, SEA-EX will be bringing in international and local speakers to share their insights on a variety of topics: (1) promoting the Philippines as a Mecca for Marine Tourism; (2) developing the country’s boat manufacturing industry; and (3) sustainable development and protecting the Philippines’ marine biodiversity for ecotourism.

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