A round 8,000 jobs will be created with the development of a fruit plantation project in Palawan, according to Palawan Gov. Jose Chaves Alvarez.
Alvarez told reporters in a recent news conference that Del Monte-Arabia is investing a $250 million to develop a banana and pineapple plantation in Palawan that would cover at least 6,000 hectares of land.
He was referring to Del Monte-Arabia, which is a separate entity from Cagayan de Oro’s Del Monte Pacific Ltd. owned by the Campos group.
With the development of this fruit plantation, Alvarez said that Del Monte-Arabia aims to export produce from the province to North Asia and the Middle East.
He further said that upon meeting with Del Monte-Arabia’s top officials to see the province, they agreed that Palawan would be an ideal agricultural place to produce fresh pineapples and bananas for export.
A memorandum of understanding on the project between the provincial government and Del Monte-Arabia is expected to be signed on July 28, Alvarez said.
Expected to sign the agreement are Del Monte-Arabia President Hani El-Naffy and Chairman Mohammad Abu-Ghazaleh.
Read More: http://www.businessmirror.com.ph/250-m-fruit-plantation-to-create-8000-jobs-in-palawan-gov-alvarez/