INVESTMENT POTENTIALS
Prospects are high for an accelerated economic growth of Butuan.

The major potentials is in food processing. Supply of raw materials for processing activities, especially banana, coconut, coffee, fruits, root crops, and prawns, are projected to accelerate with the increase in agri-fishery production in the whole of the region and neighboring provinces.

Wood will still be a major industry, but this would primarily involve the utilization of plantation species.

Small and medium industries will also find place in sub-contracting activities with the expected spill-over from the manufacturing plants in Cebu or Manila and neighboring Cagayan de Oro City.

Tourist accomodations and recreational facilities will also pose great demand with the newly created regional center, and the fad of mall shopping will make commercial centers a profitable venture in the City.

PROPECTIVE AREAS FOR INVESTMENT:
RESOURCE-BASED
Banana chips, flour-processing, rootcrops flour processing, seafoods processing (chilled, frozen, or canned), fruit and vegetable processing (canned or dehydrated), handicrafts and novelty items making, furniture village (wood / rattan / bamboo), builders woodworks, yacht and boat-building, rice noodles manufacturing, coffee and cacao processing, food mill, industrial estate.

CONSUMER-BASED
Bottling plant, garments/footwear shops, radio and TV assembly, warehousing and storage, shopping malls.

FOOTLOOSE / CHEMICAL
Coco-chemical manufacturing, match / chopsticks / toothpick factory.

METALLIC
Steel service center, iron works (grills, fences and steel furniture), bicycle assembly and tri-sikad making, farm implements manufacturing, pre-fabricated and fabricated structural products of iron and steel.

TOURIST FACILITIES
First class hotels and convention centers, restaurants and disco pubs, bowling center, golf area development, water sports facilities.

 

Copyright© PhilCom Corporation, Mindanao Operations, Philippines. 2003.
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