FINANCIAL NEWS

Qatar eyes expansion plans in Philippines

28 Nov 2016

(MENAFN) Qatar-based real estate firm will be in Manila in Dec in order to explore expansion in Asia, which will offer apartments and vials to expatriates.

Meanwhile, the arrival of the Qatar-based businessmen inspired PEZA to provide lease deals with investors who want to build landmark areas of Dubai, Abu Dhabi and Tokyo in Philippine.

Director General of the Philippine Economic Zone has asked the National Mapping and Resource Authority to finish a map to help the government identify islands to build economic zones on.

In addition, PEZA incentives involve tax holiday of four to eight years; 5 percent of gross income, while 21 percent of which will go to regional governments.

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