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UAE’s Masdar, DP World evaluating possible investments in Philippines
Dubai-based DP World and Abu Dhabi-based Masdar are set to invest over PHP25 billion in the Philippines, according to the Department of Trade and Industry (DTI).
DP World plans to invest up to PHP25 billion in port development projects across the country and aims to operate these ports, potentially seeking local partners.
Masdar, an Emirati renewable energy firm, intends to invest a minimum of PHP600 million in solar, wind, and battery projects.
Masdar is looking for at least a 50-hectare property to establish its renewable energy developments in the Philippines.
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