THE BOARD of Investments (BOI) Philippines aims to elevate Mindanao’s economic landscape through its “CREATE MORE – Mindanao Leg” to attract more investments, accelerate development growth, and foster strategic collaborations.
CREATE MORE: Making Investments Happen in the Philippines seeks to promote an inclusive, investment-friendly, and globally competitive Philippine economy.
The Mindanao Development Authority (MinDA) recognized Mindanao as one of the country’s crucial engines of growth capable of transforming industries and uplifting communities.
MinDA chairman Sec. Leo Tereso Magno said they are also fast-tracking projects such as port modernization and road networks that strengthen logistics and market access, backed by focused investments in agriculture, energy, and innovation.
Magno highlighted that Mindanao’s six regions, including BARMM, continue to thrive, with Northern Mindanao and Davao Region among the leading contributors to the national GDP.
“The island is now central to our nation’s economic narrative. Mindanao’s significant share of the country’s farmland and its substantial contribution to the national food trade highlight its critical role in the Philippines’ agricultural development, agricultural landscape,” he said in the CREATE MORE Roadshow event on June 10.
Named as the “food basket of the Philippines,” Mindanao contributes 40% to the country’s national food requirements.
BOI introduced its Strategic Investment Priority Plan (SIPP) with a presentation draft that will run from 2025 to 2027.
The plan focuses on three tiers containing modern basic needs, defense-related activities, industrial value chain gaps, food security, industries affected by geopolitics/trade wars, science and technology, and innovation support.
From July 2022 to December 2024, SIPP’s performance in the Philippines approved P2.58 trillion in investments in the power sector, particularly in renewable energy, being the highest sector, followed by the info and communication at P295.14 billion.
