Overseas Construction Projects Reach $ 630.025 Million


Ongoing overseas construction projects undertaken by Philippine-based companies have totaled $ 630.025 million and have provided employment opportunities for thousands of Filipinos.

Executive Director of the Philippine Overseas and Domestic Construction Board Doris Gacho

Philippine Overseas and Domestic Construction Board (POCB) Executive Director Doris Gacho said the Philippines has a skilled workforce and professionals recognized around the world.

Thirty-six business services exporters registered with the POCB and currently with overseas construction projects in total amount provided high-value jobs to 7,780 Filipino construction, engineering and construction workers. human resources services.

The POCB issued and approved 18 registration certificates to foreign entrepreneurs and 17 project authorizations. A total of $ 118.786 million of overseas construction projects have been facilitated by companies registered with the POCB.

POCB’s mandate is to develop and promote the exports of construction and related engineering services companies. Building material suppliers / manufacturers innovate to meet the needs of the global consumer.

“The construction industry is making a name not only within the country but also on the international market. Filipinos are recognized for their expertise. Our workers are greeted

everywhere for their excellent work ethic and good communication skills. We have a relatively young population and we have enough engineering graduates, ”Gacho said.

POCB is active in conducting webinars and has generated interest from investors. It has partners in Germany, India, the Middle East and China.

“We also source a lot of our materials from China, such as steel,” she said.

She added that investors from Europe, Germany and Switzerland have shown interest and even offered their technology to the Philippines.

“The Build, Build, Build program has attracted all these foreign players to invest here,” she revealed.

Gross domestic product (GDP) at constant prices grew 7.1% in the third quarter of 2021, according to the Statistics Authority of the Philippines (PSA). One of the main contributors to growth is the construction industry, which posted the highest growth rate at 16.8 percent, followed by manufacturing at 6.3 percent and other industrial sectors. such as electricity, streams, water and waste management at 2.9 percent and mines and quarries 0.6 percent.

The share of construction in GDP by expenditure is equivalent to 12%.

The construction industry made a substantial 59.7 percent contribution to overall capital investment or gross capital formation (GCF) in the country.

The share of construction in total employment of 43.592 million in September 2021, was equivalent to 10.2%. It continues to offer employment opportunities, employing on average a total of 4.462 million workers.

To date, 105 agencies out of 1,828, or 5.69%, are implementing manufacturers’ performance assessment systems (CPES). In October 2021, there were 2,553 accredited CPEs, an increase of 3.2% from the figure of 2,474 in December 2020.

“The economy is opening up, we are able to manage Covid-19, although we still face challenges such as high prices for gasoline, building materials such as cement and steel and other issues that affect price escalation, “said the director of POCB. said the manager.

Gacho has extensive experience in corporate communications, strategic linkages and networking, as well as program and project development and management investigations. She has a successful track record in the areas of marketing and promotion, strategy management, and strategic and operational planning, including program planning, management and monitoring.

She led the strategic management initiatives of the Center for International Trade Fairs and Missions (CITEM) and in organizational alignment as well as the management of strategic initiatives that cut across functions.

She was responsible for the conceptualization and led the agency’s most recent business development initiatives, including partnership initiatives to develop new revenue streams.

She also led CITEM’s ISO 9001: 2008 certification efforts as the CITEM quality management representative and oversaw the agency’s preparation of its quality manual system.


Previous SSS Offers Conditional Loan Lending Program │ GMA News Online
Next Oceania Healthcare increases interim profit by 22 pc: Covid slows Auckland sales and construction