Davao food complex expected to boost agri share of GRDP
Excerpt
The P1.02-billion Davao Food Complex project, which was approved by the National Economic and Development Authority (NEDA) Board at the end of April, is expected to boost the agriculture sector’s contribution to the Davao Region’s economy. The National Development Company under the Department of Trade and Industry is now preparing the tender documents for bidding. Ms. Lim pointed out that while agriculture is the region’s major industry, it contributed the least to the GRDP, which grew at a double-digit rate of 10.9% for the first time. The Agriculture, Hunting, Forestry and Fishing (AHFF) sector accounted for 11.2%, while the services sector was the highest at 49.6%, followed by the industry sector at 39.2%.
Citation
Carillo, C. A. (2018, May 8). Davao food complex expected to boost agri share of GRDP. BusinessWorld, p. S1/4.
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