The Regional Board of Investments of the Bangsamoro Autonomous Region in Muslim Mindanao (RBOI-BARMM) has approved the registration of the Wao Development Corp. (WDC) for the establishment of a packing plant in Barangay Banga, Wao, starting this month. This means more than 700 locals are expected to gain employment in the Lanao del Sur town of Wao .
In a statement, the RBOI-BARMM said WDC, a subsidiary of Dole Philippines, will infuse fresh investment capital for the new facility to improve its packing process and maximize its packing capacity to about five million boxes per year.
Eshan Karl Mabang, RBOI-BARMM executive director, said the project is expected to employ 753 workers. The firm will export 100 percent of its products to Singapore through Dole Asia Holdings.
Mabang noted that WDC’s decision to put up investment in less-developed areas would allow the firm to enjoy incentives from the government, such as income tax holidays, duty-free importation on capital equipment, and other applicable incentives upon the start of the project’s commercial operation.
Source: pna.gov.ph
