The Market Monitor Minding the Nation's Business
President Duterte commended last Friday Aviana Development Corp, a joint venture company of Ayala Land, Inc. and the Alcantara Group of Companies for their commitment to pursue economic development in many parts of the country.
Mr Duterte graced the soft launching of the Azuela Cove in Davao City, which is expected to boost commercial activity and increase job creation in Davao and nearby areas.
During his speech, Mr. Duterte said that the joint venture shows that the government and its partners in the private sector can foster strong ties.
The Chief Executive also expressed confidence that the launch of the said project will boost commercial activity in the city and bring more opportunities.
“In construction and operations alone, around 6,500 workers will be employed; surrounding areas are also expected to benefit from the increase in land value and the opportunities that will surely follow,” Mr. Duterte said.
“This property development will further define the city as a thriving hub in Mindanao,” he added.
Among the plans for the Azuela Cove is the establishment of the St. Luke’s Medical Center, which is set to open in 2022.
“This state-of-the-art facility will help us address the medical needs of our people, contributing to the realization of our vision to have a more comprehensive and universal healthcare in the region,” Duterte said.
Mr. Duterte also assured the private sector that the government is taking measures to ensure that they can do business with ease.
“We intend to establish an environment that is more conducive for new investments to prosper and for existing businesses to expand and grow,” he said.
“It is my hope that this event will strengthen our collective resolve to provide a more comfortable and productive life for every Filipino,” Mr. Duterte said.
The Azuela Cove, a 25-hectare waterside and residential development in Lanang, is an initiative of the Aviana Development Corp, which is a joint venture company of the Alcantara Alcantara Group of Companies and Ayala Land, Inc. It will have condominiums, events tent and other amenities.