STAKEHOLDERS in the construction industry are set to embark on a mission to Cambodia and Myanmar by the end of the month to explore business and investment opportunities, as well as mark the Philippines’s presence in the said markets.
A news statement released by the trade department on Wednesday said that the Philippine Overseas Construction Board (POCB) of the Construction Industry Authority of the Philippines (CIAP), in collaboration with the private sector, led by the Philippine Constructors Association Inc. (PCA), will conduct a five-day construction mission to Cambodia and Myanmar from October 21 to 25.
PCOB Chairman Isidro A. Consunji, also president and chief executive officer of DMCI Holdings, will head the mission composed of 25 large contractors and engineering design/consulting firms.
According to Supervising Undersecretary for CIAP Prudencio M. Reyes Jr., this is the second construction mission conducted this year by the POCB.
Reyes said that this undertaking aims to strengthen market presence of the Philippine construction industry players in Cambodia and Myanmar, which are potential growth areas in the Asean region. The CIAP official added that “this is an opportune time for Philippine companies to explore business and investment potentials of these countries.”
Reyes, likewise, noted the success of the mission in the Democratic Republic of Timor Leste conducted by POCB from February 19 to 21 paved the way to one POCB registered contractor to bag a $30-million road-project contract.
Catherine N. Pillas