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Economy
Investments 		 
   
The 210-MW Mindanao Coal-Fired Power Plant Project is the biggest single foreign direct investment in 10 years in Misamis Oriental and Northern Mindanao, with a staggering cost of US$305 million in 2003.

Infrastructure and services sectors contributed more than 90 percent of the total investments from 2002 to 2006; the bulk of investments was in Cagayan de Oro. Major investments during these years include expansion of Pilipinas Kao, Limketkai Center and Capitol University Medical City (CUMC). New investment projects include the 50-room Korean-owned Koresco Hotel and the continuous development of mixed-use property-development projects of Pueblo de Oro and Xavie Estates, and other high-end subdivisions.

The growing affluence and increasing market regional influence of Cagayan de Oro have attracted the retail giants Shoemart, Robinsons and Makro in 2002 to 2004. With the establishment of Shoemart and Robinsons, other Manila-based retail companies established branches in the city.

Investments in Million Pesos
 
2002
2003
2004
Cagayan de Oro City
1,612.646
2,515.872
5,774.919
Misamis Oriental
305.975
12,478.969
2,342.115
Total
1,918.621
14,994.841
8,117.034
CDO (% share)
84.00
17.00
71.00
Source: Department of Trade and Industry-Misamis Oriental

Investments in Million Pesos
 
2005
2006
2007
Cagayan de Oro City
4,850.620
2,656.244
4,924.833
Misamis Oriental
6,281.201
13,336.156
1,780.708
Total
11,131.821
15,992.400
6,705.541
CDO (% share)
44.00
17.00
73.44
Source: Department of Trade and Industry-Misamis Oriental

Investments by Sector, in Million Pesos
2001
2002
2003
Agri-based
1,091.637
17.228
1,420.145
Forest-based
26.000
10.000
-
Chemical-based
3.375
-
120.000
Steel and Metals
10.385
14.838
90.000
Consumer Manufacturers
5.814
40.403
889.563
Mining and Metallurgical
600.100
222.617
-
Energy
-
-
9,759.000
Infra and Services
170.569
949.807
1,207.654
Others
1,105.665
663.728
1,508.479
TOTAL
3,013.545
1,918.621
14,994.841
Source: Department of Trade and Industry-Misamis Oriental

Investments by Sector, in Million Pesos
2004
2005
2006
Agri-based
156.504
5,027.845
13,138.725
Forest-based
1.865
0.617
263.300
Chemical-based
-
-
0.505
Steel and Metals
13.000
-
0.400
Consumer Manufacturers
1,648.039
168.580
9.077
Mining and Metallurgical
-
3.065
24.075
Energy
72.000
-
-
Infra and Services
2,428.610
3,223.808
671.827
Others
3,797.016
2,707.906
1,884.491
TOTAL
8,117.034
11,131.821
15,992.400
Source: Department of Trade and Industry-Misamis Oriental


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Main content provided by the Department of Trade and Industry of Misamis Oriental. Photos are copyright properties of Nazca Graphic Design & Photography. Published November 2008.