Unifrutti starts banana venture in Philippines
The ARMM Bureau of Public Information said the venture was registered as a cavendish banana-plantation project of Al-Sahar Agri Ventures Inc. It covers 2,600 hectares in the municipalities of Talayan, Buldon, Barira and Mangudadatu in Maguindanao.
Lawyer Ishak Mastura, chairman and managing head of RBOI-ARMM, said Al Sahar’s banana plantation “is so far the biggest private investment in the region’s history.”
“Our company is here in the ARMM to help uplift the lives of the people and help propel economic development in the region,” said Ed Bullecer, director of Al-Sahar. The ARMM has been the location for several successful ventures of Unifrutti, such as La Frutera Inc., Wao Development Corp. and Mount Kalatungan Agri Ventures Inc.
“We consider the ARMM as the best agri-related investment destination in the country due to its fertile and vast lands, low cost of doing business and strong support from local leaders despite security issues,” Bullecer said.
Source: businessmirror.com.ph
