What are the top natural resources for business in the Philippines?
- Biodiversity
- Minerals
- Agriculture
- Land For Establishments
The Philippines is highly known for its tourism because of its pristine beaches and breathtaking mountains. With more than 7,000 islands, this comes as no surprise as the archipelago is considered one of the best countries to invest in today. With the country’s many benefits, one of them being its abundance in natural resources, this article will go in-depth on the top natural resources in the Philippines that any business can invest in.
The Pearl of the Orient’s natural resources has been one of the many notable reasons why local and foreign investors have chosen to establish a business venture in the country. Read on to see the top natural resources in the Philippines you can invest in for your business.
Biodiversity
As mentioned, the Philippines has more than 7,000 islands. The country is considered as one of the 19 mega-biodiverse countries in the world. It ranks fifth globally in terms of its number of plant species. That’s not all, the country’s waters are also noted as the epicenter of marine biodiversity on the planet.
Because of these factors, you can already see why the Philippines has been growing both socially and economically. Land and water are two of the most important economic resources needed to support agriculture and fishery.
The country also contains breathtaking beaches and sceneries, along with vast forests, rivers, and waterfalls. These make the country a great pick for eco-tourism, plant-based industries, and other ventures that rely on natural resources.
Minerals
The Philippines is home to more than 20 billion metric tons of metal and non-metal deposits widely spread across the country. The islands of Luzon and Mindanao carry most of the country’s gold, iron, ore, lead, zinc, chromic, and copper. On the other hand, the Visayas region is the principal source of limestone, marble, asphalt, salt, sulfur, and many more.
Tapping into the rich veins of mineral in the Philippines is one of the most substantial capital investments that can both promote the country’s assets as well as generate cash flow at the same time.
Agriculture
Agriculture contributes to the Philippines’ economic development greatly. It is made up of 4 subsectors: farming, fisheries, livestock, and forestry. However, the largest agriculture enterprise in the Philippines is its crop cultivation. Its main agricultural crops are rice, corn, coconut, sugarcane, bananas, coffee, and mangoes. Several parts of the Philippines are home to secondary crops such as peanuts, cabbages, onions, and other fresh produce.
If you think about what fuels your day, a large part of it is food. People can’t live without it. Investing in agriculture means that you value keeping the business of farming and the act of nourishing your consumers. When you invest in agriculture, you are investing in sustainability. This value only appreciates over time.
Land For Establishments
The fertile land of the Philippines is not the only source of livelihood in the country. It has grown to become home to light and medium industries as well. There has been a rise in the development of industrial parks in strategic locations all over the country. If you are looking for space to establish a light or medium business, industrial parks in the Philippines will give you growth opportunities.
Industrial parks in the country can provide contiguous space complemented by established infrastructure, security, access to local terminals, and great location. Your business can also benefit from the wide roads, waste treatment facilities, and efficient commercial amenities. Industrial zones are designed to attract foreign investments into the Philippines in order to drive economic growth and business competitiveness.
Key Takeaway
If you’re looking to invest in the Philippines, you are provided access to the various natural resources that can benefit your business. As mentioned, the Philippines is a strategic location for light and medium businesses. If you are looking to venture into these kinds of industries, Science Park of the Philippines is happy to be of service.
Click here to learn more about industrial parks in the Philippines and how they can help you grow your business!
