The Board of Investments (BOI) and the Mindanao Development Authority (MinDA) are positioning Mindanao as the Philippines’ next major growth hub.
The goal was strengthened with the signing of a Memorandum of Agreement (MOA) between BOI Managing Head Ceferino S. Rodolfo and MinDA Chair Secretary Leo Tereso A. Magno on June 17, 2026.
The agreement reinforces the two agencies’ shared commitment to accelerate investment promotion, enhance investor facilitation, and build a more investment-ready environment across Mindanao – one of the country’s most promising regions.
The ceremonial signing reflects a unified push to translate opportunities into concrete investments that will drive inclusive and sustainable development.
“The signing of the Memorandum of Agreement between the BOI and MinDA is very important. Please consider us as your very close partner in developing Mindanao as the next big growth area for the benefit of the whole Philippines,” Undersecretary Rodolfo told Secretary Magno, emphasizing the critical role of strategic investments and stronger institutional coordination.
“Mindanao possesses immense potential and strategic advantages. What we can commit to is that our Business Extension Offices in Cagayan de Oro and Davao will work closely with MinDA to strengthen investment readiness and facilitate the realization of priority projects,” he added.
Undersecretary Rodolfo further highlighted that the newly signed Strategic Investment Priority Plan (SIPP) will serve as a key framework for promoting high-impact sectors such as mining and mineral processing, renewable energy, and fisheries, among others, industries with the potential to drive long-term growth in the region.
Secretary Magno underscored that the partnership with the BOI reflects a shared vision to transform Mindanao into a premier investment destination. “To bring in investors, you must pave the way for investors and development partners to come in. We cannot do it alone in Mindanao, we need partners,” Secretary Magno said.
The partnership will be operationalized through a joint work program covering investment readiness, joint investments promotion, investor facilitation, aftercare, and information sharing and coordination.
Key initiatives will include developing ready-for-occupancy location profiles, preparing investment project teasers, conducting investment missions and forums, and establishing streamlined coordination mechanisms between BOI and MinDA to support investors.
These combined efforts are expected to accelerate investment realization and contribute to balanced regional development.
Established in 2010, MinDA is the primary agency responsible for promoting and facilitating investments that support Mindanao’s socio-economic development. It also serves as the Philippine Coordinating Office for the Brunei Darussalam–Indonesia–Malaysia–
Mindanao plays an increasingly important role in the Philippine economy, driven by its growing industries, improving connectivity, dynamic urban centers, and rising investor interest.
The MOA between BOI and MinDA is also expected to harness this momentum, supporting the national government’s broader agenda to improve the ease of doing business, attract strategic investments, and promote inclusive economic growth across regions.
BOI and MinDA are confident that the strengthened partnership will translate into tangible economic gains, benefiting Mindanaoans.
