Chinese Bizmen Explore Zambo’s Potentials

Mayor CelsoLobregat yesterday welcomed the move of businessmen from China to invest in Zamboanga, stressing that the city is now fast progressing as can be seen in the booming construction industry.

We very much welcome you to Zamboanga as we always invite anybody to come and invest in our city,” Lobregat told the eight-man business delegation headed by HeHongmin of Aimin Real Estate Corporation based in Hebei, People’s Republic of China. Lobregat further told the Chinese investors that Zamboanga City still has no big malls yet like those in Manila and other cities, except one (Robinson) which has already bought a property for a mall. “The problems are the area and the prices of the land because they all want cheaper prices and most of these lands are privately owned.” Another famous chain of malls, the Gaisano, is reportedly opening in the city with its property now being cleared of debris somewhere near Haisan Restaurant in San Jose. Speaking through an interpreter, Hongmin said they came to Zamboanga to see business potentials even as they had already plans to invest in the local real estate and construction industry.

The Chinese investors arrived in the city Sunday upon invitation of the Royal Institution represented by Director Helen Molano, which partly owns the more than 3-hectare Mall now known as Philippine China City of Commerce (PCCC) property in Barangay Tetuan. From City Hall, the group also toured the Zamboanga Economic Zone Authority in San Ramon and other potential business sites including the properties owned by the Royal Institution. Molano said they had invited the Chinese investors to see for themselves the possibility of reviving the Mall property as legal impediments to the development of the said property have already been resolved. “It’s about time the Mall should be revived and re-developed. It is like a sleeping giant and it’s high time the giant should be awaken,” the chief executive told the Chinese investors who called on him in City Hall yesterday morning. During the courtesy call, the mayor briefed the Chinese investors about the business and tourism potentials of Zamboanga City, its history, culture and traditions. — Vic Larato

Source: Zamboanga Times



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