Bangsamoro Seen as Major Investment Destination in 2020

The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) hopes to become a major investment destination in the country as the Regional Board of Investments (RBOI) recorded PHP4.1 billion worth of financing in 2019 which is 80 percent higher compared to last year’s PHP2.5 billion.

The optimism is anchored on the report presented on Wednesday by Shamera A. Abobakar, RBOI senior investment specialist, following a recent RBOI year-end reporting and investment briefing held in Cotabato City.

Abobakar said BARMM Chief Minister Ahod Balawag Ebrahim has traveled to Saudi Arabia and Turkey for investment missions and to establish closer economic cooperation with the two countries earlier this year.

Ebrahim has also spoken to potential investors from Malaysia and Indonesia and to local investors inviting them to explore the business opportunities in the region, she said.

“The BARMM chief minister has become the region’s top investment promoter,” said lawyer Ishak V. Mastura, RBOI chairperson.

As a result of the regional business venture promotion, Mastura said RBOI-BARMM is expecting more investments in 2020.

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About Redaksi

Kota Barus adalah sebuah kecamatan di Kabupaten Tapanuli Tengah, Sumatera Utara, Indonesia. Ibukota kecamatan ini berada di kelurahan Padang Masiang. Kota Barus sebagai kota Emporium dan pusat peradaban pada abad 1 – 17 M, dan disebut juga dengan nama lain, yaitu Fansur.