GLOBAL logistics company DP World has expressed interest in investing in logistics hubs and an industrial park in the Philippines, the Department of Trade and Industry (DTI) said.

Trade Secretary Alfredo Pascual met with the representatives from DP World led by Group Senior Vice President for Government Affairs Omar Al Muhairi and Group Senior Vice President for Corporate Finance and Business Development Anrudh Talwar on Monday, February 25.

The DTI chief had a discussion with the officials of DP World at the sidelines of the World Trade Organization's (WTO) 13th Ministerial Conference (MC13) in Abu Dhabi, the United Arab Emirates.

"We see significant economic potential in collaborating with DP World to develop the Philippines' logistics sector, including industrial parks, economic zones, and digital solutions," Pascual said in a statement on Tuesday.

"We are committed to fostering an environment that encourages such partnerships by creating policies that promote sustainable development, foreign investment, and innovation in the logistics sector," he added.

DP World was established in 2005 and has a presence in more than 150 ports across the globe, including Jebel Ali Port.

Since its founding, the company has been a global provider of comprehensive supply chain logistics solutions, encompassing container handling services in ports, industrial parks, and economic zones.

In line with the goal of positioning the Philippines as the next logistics hub in Asia, the government launched a program emphasizing a focus on strategic infrastructure investments.

Called the Build, Better, More, the program focuses on modernizing and advancing the development of seaports, airports and railways. This effort also aims to improve crucial gateway accessibility and promote innovation, according to DTI.

"Furthermore, the Philippines demonstrates its dedication to attracting foreign investments through various initiatives, thereby creating a comprehensive support system for companies like DP World," it added.

In relation to the partnership in the pipeline, the department cited the Corporate Recovery and Tax Incentives for Enterprises (Create) Law that provides adaptable incentives as well as the revisions to the Public Services Act (PSA), enabling increased foreign ownership in vital sectors.

"Additionally, the DTI can connect DP World with potential local partners for infrastructure projects, facilitating seamless collaboration and expertise sharing," said DTI.

Pascual added that the Philippine government remains committed to supporting businesses and investments.

"We are dedicated to fostering an environment that enables companies to thrive and contribute to the nation's continued growth and prosperity. We are ready to Make it Happen for you in the Philippines," said the DTI chief.