Puerto Princesa Investment Push Links Tourism Growth with Waste Management and Modern Construction

November 15, 2026 - PUERTO PRINCESA CITY, PALAWAN — Puerto Princesa’s investment agenda is expanding across tourism, transport, waste management, and construction as business leaders and technology providers present proposals aimed at supporting the city’s economic growth and infrastructure needs.

Discussions at the 2026 Puerto Princesa City Investment Forum, held on October 23 at Conrad Manila in Pasay City, were followed by separate letters of intent proposing an integrated waste-to-energy facility and the supply of prefabricated construction panels.

Together, the initiatives identify potential areas for private investment while placing attention on the services and facilities needed to support a growing city.

The forum brought together around 150 investors, business leaders, government officials, and development partners under the theme “Your Investment, Our Commitment: Invest, Build, and Grow With Us.”

Mayor Lucilo R. Bayron presented Puerto Princesa’s investment priorities, emphasizing that attracting capital requires a clear business case alongside the city’s natural appeal.

“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.

Ulanday outlined an intention to connect US, European, and Pacific Rim capital with sustainable Philippine projects, working with the Yupangco Group and other local partners.

“On behalf of RPConnect and Ceres Ingenium of Geneva, Switzerland, we are here because we believe in a model where international capital does not simply enter a market — it builds with it,” Ulanday said in his forum statement.

Waste-to-Energy Facility Proposed

In a letter of intent dated November 8, 2026, Integrated Green Technologies Holdings, Inc., together with IGT SPV1 Holdings, Inc., proposed an integrated waste management and waste-to-energy facility for Puerto Princesa.

The submission, addressed to Mayor Bayron and Vice Mayor Atty. Peter “Jimbo” Maristela, identifies MARTIN GmbH of Germany and MARTIN Technologies Private Limited as the proponents’ proposed foreign technology partners.

Treatment options outlined include mechanical biological treatment, mechanical recycling, gasification, and waste-to-energy systems. The final technology configuration would depend on technical assessment of the city’s waste stream and processing requirements.

The project aims to improve waste handling, recover recyclable materials, reduce reliance on landfill disposal, and convert suitable waste into energy. Its capacity, financing, environmental requirements, and operating arrangements remain subject to feasibility evaluation, applicable approvals, and agreement with the city government.

Prefab Panels Offered for Construction Projects

A separate letter of intent dated November 9, 2026, submitted by IGTP Construction, offers M2/NXT prefabricated panels using Italy’s Emmedue technology for construction projects in Puerto Princesa.

The proposal says the panels are manufactured at Lima Technology Estate in Lipa, Batangas. The system is presented as an option for developments seeking shorter construction periods, thermal insulation, and structural resilience.

The company would assess its suitability against each project’s engineering specifications, certification requirements, and applicable building regulations.

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

Investment Priorities Extend to Fisheries, Housing, and Logistics

The forum also highlighted the proposed Puerto Princesa Integrated Fish Port, to be pursued with the Philippine Fisheries Development Authority. Related opportunities include ice production, cold storage, seafood processing, packaging, logistics, and distribution.

Another priority is the Sta. Lucia Environmental Estate, a 500-hectare Tourism Enterprise Zone. A TIEZA master plan covers 63.31 hectares across nine districts and 245 lots for hospitality, commercial, eco-tourism, and agri-tourism uses, including a proposed convention and events center.

Other sectors presented included housing, real estate, transport, utilities, ICT/BPO, cruise tourism, culinary enterprises, and meetings and conventions.

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

The forum discussions and subsequent submissions provide a basis for further negotiations. Individual projects will require verified demand, detailed feasibility studies, financing commitments, regulatory approvals, and definitive agreements before implementation.

City Information Officer Atty. Glaiza Kaye Vicente-Moncatar emphasized that tangible results would determine the forum’s success.

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