DAVAO CITY – – Davao region’s economy will be bullish in the coming years as it is targeted to grow up to 11.5 percent in 2022.
Regional Director Maria Lourdes Lim of the National Economic Development Authority XI (NEDA XI) said that the rate is attainable as the gross regional domestic product of the Davao region hit 9.4 percent last year, the third highest region in the country.
During the launching of the Davao Regional Development Plan 2017-2022 at SMX Convention Center in Davao City on Friday, Director Lim cited the agri -industrial developments in the region and the Build Build Build program of the national government as the major factors for the growth.
Among the big ticket projects under the Build Build Build program are the Mindanao Railway System, in which the first phase will connect Tagum City, Davao City and Digos City; improvement of the Davao International Airport; Davao Food Exchange Complex; Davao-Samal Bridge; Bypass road with a 2.2 kilometer tunnel; Davao City Expressway; and Integrated Port Complex.
Aside from the increase in the gross regional domestic product, the regional medium term development plan also aims to reduce poverty from 16.6 percent in 2015 to 13.6 in 2022; and 97 percent employment rate.
The Davao Regional Development Plan (DRDP) with the theme, ‘Commit to Sustain Change’ is the region’s version of the Philippine Development Plan 2017-2022, which is the first medium-term development plan anchored on AmBisyon 2040, which is the collective aspirations of Filipino for ‘ a matatag , maginhawa at pantay na buhay para sa lahat.’
The DRDP was unveiled by Regional Development Council Chair and Davao del Norte Governor Anthony del Rosario and NEDA XI Regional Director Lim, together with Davao City Mayor Sara Duterte-Carpio, Davao Oriental First District Representative Corazon Malanyaon, Compostela Valley First District Representative Maricar Zamora, Davao City Chamber of Commerce and Indsutry Inc President Ronald Go and other mayors and regional directors present. PIA
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