Puerto Princesa Investment Initiatives Bring Together International Capital, Eco-Tourism and Infrastructure

PUERTO PRINCESA CITY, PALAWAN – November 14, 2026 — Puerto Princesa’s drive to attract sustainable investment is bringing together Philippine business leaders, international investment representatives, and technology providers to explore projects spanning eco-tourism, transport, commercial development, waste management, and construction.

Mayor Bayron emphasized that investment decisions require clear commercial foundations alongside the city’s natural attractions.

“An investor does not invest simply because a place is beautiful. Investors ask more important questions: Is there a market? Is the economy growing? Is there connectivity? And most importantly, are there investment opportunities? Can my investment grow there?” Bayron said.

Connecting International Capital with Local Development

Investors participation focused on opportunities to connect international capital with projects that support economic growth and the protection of Palawan’s natural heritage.

It is the moment Puerto Princesa moved from promise to partnership in a model where international capital does not simply enter a market — it builds with it.”

Complementing the broader investment agenda, Integrated Green Technologies Holdings, Inc., together with IGT SPV1 Holdings, Inc., presented a letter of intent dated November 8, 2026, proposing an integrated waste management and waste-to-energy facility for Puerto Princesa. The proposal identifies the city as a potential location for a facility designed to improve waste processing, recover recyclable materials, and convert suitable waste into energy.

The proponents identify MARTIN GmbH of Germany and MARTIN Technologies Private Limited as their proposed foreign technology partners. Potential treatment options outlined in the submission include mechanical biological treatment, mechanical recycling, gasification, and waste-to-energy systems, with the final configuration to be determined through technical assessment.

The proposed facility aims to reduce reliance on landfill disposal and support energy recovery. Its capacity, investment requirements, environmental performance, and operating arrangements would be established through feasibility studies, applicable approvals, and negotiations with the city government.

In a separate letter of intent dated November 9, 2026, IGTP Construction offered to supply M2/NXT prefabricated panels for construction projects in Puerto Princesa.

According to the submission, the panels use Italy’s Emmedue technology and are manufactured at a facility in Lima Technology Estate in Lipa, Batangas. The system is presented as an option for developments seeking shorter construction periods, thermal insulation, and structural resilience.

IGTP Construction states that the panel system has been supplied in the Philippines since 1996 for private and government projects. Its suitability, performance specifications, and certifications would be evaluated against the engineering and regulatory requirements of each project.

Michael Jimenez, CEO and President of the proposing businesses, signed both letters of intent. A. Leilani T. Cruz, COO and Executive Vice President, also signed the waste-to-energy submission.

Priority Investment Opportunities

The forum highlighted several development platforms:

• Seafood value chain: The proposed Puerto Princesa Integrated Fish Port, to be pursued with the Philippine Fisheries Development Authority, supporting ice production, cold storage, processing, packaging, logistics, and distribution.
• Sta. Lucia Environmental Estate: A 500-hectare Tourism Enterprise Zone, with a TIEZA master plan covering 63.31 hectares, nine districts, and 245 lots for hospitality, commercial, eco-tourism, and agri-tourism uses, including a proposed 15,000- to 20,000-seat convention and events center.
• Urban development and essential services: Housing, real estate, transport, infrastructure, utilities, and ICT/BPO opportunities.
• Tourism expansion: Meetings, incentives, conferences, and exhibitions; cruise tourism; culinary ventures; eco-tourism; and the nighttime economy at Sta. Lucia, Puerto Princesa Baywalk, and the Tourism Mile along Rizal Avenue Extension.

The forum featured private-sector developments, including Megaworld Corporation’s announced initial ₱7-billion investment in Baytown Palawan, a 5.4-hectare mixed-use township in Tiniguiban.

City Information Officer Atty. Glaiza Kaye Vicente-Moncatar captured that focus in her closing message:

“The success of this forum will be measured not by the presentations delivered, but by the concrete partnerships we build together.”

About the 2026 Puerto Princesa City Investment Forum

The forum was organized by the City Government of Puerto Princesa through its Local Economic Development and Investment Promotions Office (LEDIPO) under the leadership of Mayor Lucilo R. Bayron. Participants included the Tourism Infrastructure and Enterprise Zone Authority, Board of Investments, Philippine Institute for Development Studies, and private-sector representatives