Monday, April 17, 2017

Good news for our beloved Overseas Filipino Workers and those aspiring to fill the role in the Philippines.Must Read!

Duterte had a meeting with a handful of businessmen during his forum in Qatar on Saturday. There, he met with Peter Piecuch, vice president of GBC and Blackleaf Qatar Consortium, a property developer, who allotted $90 million for a retirement village in Tagaytay, southern suburban Manila; also in Boracay and Cebu, central Philippines, with five to eight hectares per project.

His plan will call for 1,250 workers as estimated by the Director General of the Philippine Economic Zone Authority (PEZA).

According to Philippine ambassador to Qatar Alan Timbayan through a transcript received at the Manila foreign affairs office, “Qatar wants to diversify their investment. They (companies in Qatar) are looking to the Philippines as a good place for investment." 

Good news for our beloved Overseas Filipino Workers and those aspiring to fill the role in the Philippines. President Rodrigo Duterte recently just signed 10 projects from Qatar worth $175 million which are expectedly to benefit 4,650 workers in various areas in the country. 

There are also two more projects from companies based in the United Arab Emirates amounting to $11 million, which will produce 1,070 jobs for Filipinos.  

A total of $60 million was also pledged by Michael El Jarouch, VP of First Qatar Real Estate Development Company (FQRDC) for a retirement village on a 10-hectare plot in Visayas, central Luzon. This will employ 1,250 workers.

There are two more projects planned by the UAE that are building up in Qatar, according to PEZA. They also reported that Khalfan Al Suwaidi, CEO of UAE’s Penguin Group, signed off a $10 million-worth of agro-industrial project on a 500 to 1000 hectare property located in Palawan, southwest Philippines which will demand 1,000 workers. 

Duterte's Middle East latest visit was in Qatar after being in Saudi Arabia from April 10 to 12; and in Bahrain from April 12 to 14.