Anflo Industrial Estate Corp: A World Class Industrial Park in Mindanao
It looks like Industrial Parks will make up the next wave of the real estate boom in the Philippines.
The Anflo Group of Cos., which is composed of companies such as Tagum Agricultural Development Cos., Inc. (Tadeco), Davao International Container Terminal (DICT), Pearl Farm Beach Resort and Damosa Land Inc, came together and developed the Anflo Industrial Estate Corp (AIEC). The AIEC is a 63-hectare property that is equipped with modern facilities and complete logistics. It’s designed to become a self-sustaining Special Economic Zone.
AIEC endeavors to capitalize on Philippines’ agriculture potential and become a world-class and premier business and investment destination in the Davao Region. They cater to agro-industrial and light-manufacturing companies. Their vision is to enable access to and support the integration of agricultural materials and processes.
AIEC has been in the works for a few years now, in 2015 they obtained their Philippine Economic Zone Authority (PEZA) accreditation in 2015, and by 2016 they were starting construction.
According to Ricardo Lagdameo, the vice president for Anflo’s real-estate arm, Damosa Land Inc., “We felt that the economy was right and that it was necessary to diversify the types of businesses in the region. The Davao region is known for fresh fruit production and export, but today we believe that the heft of the growth opportunity will be in manufacturing, especially as this relates to agro-industrial manufacturing.”
This industrial park is big news as it poses several benefits to various stakeholders. For instance, the industrial park benefits agricultural processors as the industrial park has an efficient business setup. Moreover, because AIEC is registered under PEZA, locators will also receive tax incentives.
Additionally, with Mindanao making up one-fourth of the population in the country, the industrial park would mean major job creation for the citizens. AIEC is also strategically placed in that Davao which is a prime source for harvests such as bananas, pineapple, cacao, and coconut which is beneficial for the businesses of Davao’s local farmers.
AIEC is also set apart from other industrial parks in the country as AIEC’s developers are part of a conglomerate that has been doing business in Davao for more than 60 years. This edge puts AIEC in direct competition with international counterparts. AIEC’s network and experience in business is designed to pull foreign investments into the Philippines and drive global economic competitiveness.
Lagdameo also adds, “Foreign investors look at how easy it is to do business in a country before investing in it, as well as how secure it will be for the next years to come.”
65% of AIEC’s first phase of lots and ready-made facilities have already been leased or sold, with locators that are Filipino, Dutch, Chinese, and American businesses. These include companies such as Del Monte Fresh Produce, First Panabo Tropical Foods Inc., and United Good Harvest.
The park has also been getting several inquiries regarding the remaining four out of fifteen ready-built facilities of the park. More units will be created to supply the demand.
“This is going to be the center for trade in the region,” Lagdameo said, “I believe with a lot of hard work, we can make Panabo and the Davao Region fly to new heights.”