COTABATO CITY—The Bangsamoro Board of Investments (BBOI) approved during its board meeting on Monday, Feb. 27, the registration of two investments with a total worth of Php129,846,100.00
The investments include M&R Layer Poultry Farm, an agricultural and agribusiness producer of halal egg production which is located at Brgy. Buliok in Sultan Mastura, Maguindanao. It has a total project cost of Php107,346,100.00 which is expected to generate 92 jobs.
Another investment is the Timako Bay Seafood Resto which is a tourism-related facility and attraction located at Kalanganan II of this city. It has a total project cost of Php22, 500, 000.00 and will generate 30 jobs. The resto is aiming for the ambiance of a beach-type halal restaurant and will serve savory kinds of seafood dishes for up to 200 customers.
Ministry of Trade, Investments, and Tourism (MTIT) Minister Abuamri Taddik, an ex-officio member of the BBOI, underscored that the region will be more halal competitive through research and product development, quality assurance measures, value-adding mechanisms, thereby making BARMM an active player in regional and international markets of halal products.
“This is the second approved investment of the BBOI that focused on the halal industry,” Taddik said.
“BARMM is now in the process of developing and promoting halal industries as a mode of achieving equity and justice among our farmers and produces, and increasing employment opportunities for the domestic labor force,” the minister added.
Meanwhile, BBOI Chairperson Mohammad Pasigan lauded the approval of the two new investments before February ends stressing that the investments “could help boost the economy of the region.”
“BBOI will exert more effort in promoting investments by conducting BARMM–wide Strategic Investment Priorities Plan (SIPP) consultations and will even go out of its way to attract investors through business coaching and investment facilitation,” Pasigan said.
On the other hand, Member of BBOI’s Board of Governors Datu Habib Ambolodto, who was also present during Monday’s meeting, said, “the Coronavirus pandemic had a devastating impact on the restaurant industry and hopefully, these registrations will significantly increase the possibilities of putting up restaurants to boost the economy of the region.”(Kasan Usop, Jr./BIO)