DAVAO CITY – A group of businessmen from Mindanao will visit Singapore this week for a trade and investment mission, the Mindanao Development Authority (MinDA) said Tuesday.

In a statement, MinDA Chairperson Maria Belen Acosta said the group, representing 23 companies, will be conducting site inspections in Singapore’s markets, seaports, and processing facilities to identify viable investment opportunities and benchmark various business practices.

With Singapore being a major hub in the global market, Acosta said MinDA is also set to conduct a series of promotional activities to raise awareness and interest in Mindanao’s potential as a prime investment destination.

“We want to present Mindanao’s competitive position where investments in the area yield high returns thanks to its vast fertile lands, ideal climate for agricultural production, and skilled labor force,” she said.

Part of the MinDA promotional activities is a business forum on August 10 where the Mindanao delegation and their Singaporean counterparts can explore areas for partnerships.

MinDA Deputy Executive Director Assistant Secretary Romeo Montenegro said the business forum aims to send a message that Mindanao is “back in business” with its robust economic performance despite the setbacks brought about by the pandemic.

“Our agriculture, forestry, and fishing sectors being able to display positive growth even during the peak periods of the coronavirus disease 2019 crisis make a strong case for Mindanao’s capacity as an investment area, especially for agri-based industries,” he said. (PNA)