Qater-based JTA International Investment Holding said it is looking at investing at least USD3 billion in the Philippines, including an international port in Davao and a seaport in General Santos City.
JTA Holding Founder and CEO Amir Ali Salemi said during a press conference Tuesday in Manila they are still exploring possible projects in the country.
Initially, he said, they are looking at investing USD1 billion for a 5-star hotel with 5 condo units and a resort in Cebu. The investment may also include another 5-star hotel and casino.
For Manila, JTA is planning two projects. These include a tertiary hospital with diagnostics and a technology hub in Pampanga in collaboration with Converge ICT.
The project cost is estimated around USD2 billion where JTA is willing to invest about 60 percent, according to
JTA Holding Philippines Country Representative Juan Vito Genson.
They have also possible projects for an international port in Davao, he said.
In addition, it is looking at a Public Private Partnership for an international airport in General Santos. JTA is coming back in March for further discussions.
The company has also expressed interest for solar power projects presented by the Department of Energy.
JTA established in 2010 with the objective of providing unique and innovative financing and investment solutions to businesses and iconic projects around the globe. Over time JTA has evolved to an active investor with strong partnerships with like-minded companies and individuals.
At present, JTA has presence globally with investments in energy, civil, innovation & technology, tourism, transportation, health, and agriculture and food.
