Masdar and DP World are eyeing infrastructure and energy projects in the Philippines, that country’s Trade and Industry Department said in a statement yesterday.

DP World is reportedly looking to invest as much as AED 1.6 bn in ports across the Philippines (the Philippines’ acting trade secretary suggested a number of ports could be up for grabs soon), while Masdar is interested in solar, wind, and geothermal power generation.

The situation has been brewing: DP World has been eyeing potential investments for a logistics hub and an industrial park in the Philippines since earlier this year in February. The collaboration between DP World and the country’s DTI means to develop the logistics sector in the Philippines, including industrial parks, economic zones, and digital solutions.

DP has already laid footprints: DP World has been expanding in the Philippines. The Dubai-based port operator and Philippines-based port operator Asian Terminals Inc. (ATI) launched in April the new Tanza Barge Terminal in the Philippines’ Cavite.

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