province generated a remarkable investment in 1997
when it recorded total investment of Php 16.522B.
Infrastructure & services sector contributed 92%
of the total with the bulk of the investment poured
in Cagayan de Oro City. The investments were largely
attributed to the development of mixed-used property
development projects of Pueblo de Oro & Xavier
Estates and other high-end subdivision projects.
investments went down in the years that followed (1998-
2002) due to economic crisis in Asia, the devaluation
of the currency but mainly by the political and Mindanao
crisis. The investment figure picked up again in 1999
owing to the endorsement for funding of the Mindanao
Container Terminal Port Project of the Phividec Industrial
Estate by the Miyazawa Initiative amounting to PhP4.8B.
Pryce Gases’ expansion project also contributed
to this figure.
The growing affluence and increasing market influence
of the city attracted the retail giants, Shoemart
and Robinsons in 2002.