The Qatar-based JTA International Investment plans to invest around 3 billion dollars here in the Philippines. They are planning to invest in the health, tech, and tourism sectors. This will be their first investment here in the Philippines, and this investment was initially secured by the PCCI last year at an investment mission in Qatar.

JTA International Investment has set up an office in Cebu. They plan to invest in two tourism sector-related projects in Cebu. These projects are planned to be built in Mactan, Cebu, where the first one will be a five-star hotel with a condominium, while the second one is a five-star hotel with a casino complex. They will also plan to invest in the health sector by building a tertiary hospital south of Metro Manila. They are also in talks with Conv𝑒rge (PSE:CNVRG), as they want to partner with them in creating a tech hub in Pampanga.

These projects are still in negotiation, as they need to have a partner for these investment projects. They will be investing 40-60% for these projects, and they will not be handling the day-to-day operations for these projects, so they need a partner who would be managing the projects. They also plan to invest in creating an international seaport in Davao, solar energy projects, and a public-private partnership to develop the current airport in General Santos City into an international airport.

JTA Chairman Dr. Amir Ali Salemi projected that all of the projects that they plan to fund in the Philippines can generate at least ten thousand jobs for the Filipinos. They think that the Philippines is still a good country to invest in, as they see potential even though the country is facing some economic problems. Dr. Amir Ali Salemi plans to go back to the Philippines this March to sign a partnership agreement with CNVRG.

These projects can boost the economy of the Philippines and will be helpful in giving jobs to tens of thousands of Filipinos.