The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) has achieved a historic milestone, drawing investments worth P4.7 billion as of October 2024, exceeding its initial target of P2.6 billion by 181%.

The Bangsamoro Board of Investments (BBOI) reported significant growth as a result of BARMM's increasing economic appeal and collaborative initiatives with national agencies, local government units, and private stakeholders.

“Our success in exceeding our target by over 180% highlights BARMM’s potential as a business-friendly region that fosters economic growth,” said BBOI Chairperson Mohamad Omar Pasigan.

Four new investments, worth P390.7 million, were approved in October alone, creating 382 jobs in sectors vital to the Bangsamoro economy, including agriculture, agribusiness, industrial services, and tourism.

The projects include:

-DALG Agro-Industrial Corp. and DALG Oil Palm Corp. in Lanao del Sur, focusing on agriculture and agribusiness.

-Bihing Tahik Corp. in Tawi-Tawi, emphasizing tourism development.

-AK Global Connect BPO OPC in Cotabato City, contributing to industrial service facilities.

“These investments will support agricultural productivity, enhance food security, and stimulate rural economies,” Pasigan added.

Business leaders acknowledged BBOI’s role in creating an investor-friendly environment.

“As a new player in the BARMM, we intend to register our company to avail of the various incentives and benefits, including tax exemptions,” said Gladys Lowry of DALG Agro-Industrial Corp.

Al-Jubair Kamid, CEO of AK Global Connect, noted the importance of government support. “To start our business, we need to explore all possible engagements, especially with government services, to help us lessen our spending,” Kamid said.

Judith Micabalo of Bihing Tahik Corp. shared plans to expand the company’s operations in BARMM after the successful launch of its Tawi-Tawi resort.

STRATEGIC GOALS FOR 2025

During a year-end planning session, the BBOI set an investment target of P3 billion for 2025. Discussions focused on policy enhancements, strengthening partnerships, and positioning BARMM as a premier investment destination.

“Our efforts reflect our commitment to making BARMM a hub of economic opportunities aligned with the principles of Moral Governance,” Pasigan said.

Board of Governor Datu Habib Ambolodto highlighted the value of collaboration. “Strong partnerships with both public and private sectors are essential for achieving sustainable growth and improving the lives of the Bangsamoro people,” he said.

The BBOI plans to attract more impactful investments that boost economic growth, empower communities, and improve the quality of life in the region. 

BARMM PHOTO