COTABATO CITY (PNA) — Entrepreneurial strategists of the Autono-mous Region in Muslim Mindanao approved on Wednesday the registration of a P3.7-billion Cavendish banana plantation project of Al-Sahar Agri Ventures Inc., in Maguindanao.
Lawyer Ishak Mastu-ra, chairman and managing head of the Regional Board of Investments (RBOI), described the Al Sahar trade venture as the biggest in the region’s history.
The project would have a total land area of 2,600 hectares in the municipalities of Talayan, Buldon, Barira and Mangudadatu.
The new plantation in Maguindanao is expected to create up to 3,900 jobs for local residents.
“Our company is here in ARMM to help uplift the lives of the people and help propel economic develop-ment in the region,” Ed Bullecer, director of Al-Sahar, said.
Al Sahar is an affiliate of the Unifrutti Group that manages other companies in ARMM such as La Frutera Inc., Wao Develop-ment Corp. and Mount Kalatungan Agri Ventures Inc.
ARMM has been the location for several suc-cessful ventures of Unifrutti conglomerate.
Prior to Al Sahar’s entry, investments in the region were recorded at P1.8 billion.
Current projects in the ARMM includes a P1.3-B oil palm plantation; a P400-million Napier grass biomass fuel produc-tion project; and a P200-million modern cassava starch factory.