Several European companies engaged in different industries are interested in investing in the Philippines, Finance Secretary Benjamin Diokno said Friday.
Diokno was a part of the Philippine delegation led by President Ferdinand Marcos Jr. in a three-day working visit to Brussels, Belgium to showcase investment opportunities in the Philippines.
The working visit aimed to strengthen Philippine-EU relations and invite European investors to the Philippines. The president was also the coordinator for the ASEAN-EU Dialogue and will be serving in the role until 2024.
“We saw strong interest among EU-based businesses engaged in renewable energy generation, waste-to-energy projects, IT-BPM, disaster-resilient infrastructure, and technical education to invest or explore joint ventures in the Philippines,” Diokno said in a statement.
British multinational consumer goods company Unilever expressed intention to establish a state-of-the-art manufacturing facility for personal care products in Cavite province. Ocea, a French multinational company that specializes in maritime safety, security, navigation, shipbuilding, and integrated logistics support, plans to develop a shipyard in the Philippines with an investment of P1.5 billion.
