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27 February 2024

UAE Filipinos to be briefed about Philippine economy

By Staff

Ayala Land Inc. (ALI), the largest and most diversified property company in the Philippines, is meeting the Filipino community in the UAE on March 1, 2013, for a “touch of home” evening that will mark ALI's official entry into the Middle East region.

The event aims to give a snap shot of the Philippine economy and the exciting developments in the real estate sector.

ALI's entry into the Middle East coincides with a year of unprecedented success for the Philippine economy – the main PSEi stock exchange index this month crossed 6,600 points, and the country's tourism sector is set for a boom that makes real estate one of the most lucrative areas in the near future.

Simultaneously, the Filipino expatriate community worldwide rose to the third position in 2012 in terms of foreign exchange remittances. Until November 2012, Filipino expatriates sent home almost $20 billion; the final figure was expected to be around $24 billion.

“This is absolutely the right time for a powerhouse of the Philippines economy to meet the people who have given currency to the phrase 'Pinoy power' through their hard work, enterprise and talent for creating wealth. We hope to see many of them at our launch event,” said Thomas Mirasol, President, Ayala Land International Sales. 

Ayala Land's real estate holdings span residential, retail, office developments and hotels & resorts.