President Duterte is bringing home a whopping $925 million worth of investments from his week-long journey in the Middle East, apart from the repatriation of 150 Filipino workers granted amnesty from Saudi Arabia.
Another $1 billion worth of sovereign investment fund from Qatar is also forthcoming as part of the investment protection and promotion agreement with the tiny energy-rich emirate, according to Trade Secretary Ramon Lopez.
“They are not only impressed by the President, they love the President. They love him because he’s a no nonsense guy. They consider us like brothers,” Lopez said in a media interview about the revitalized trade and investment relations following the President’s visit to Qatar, Bahrain and Saudi Arabia in the past week.
“The President’s visit to the Middle East is really part of ‘Dutertenomics’ that aims to create more jobs, attract more investments to the country,” Lopez said, citing the President’s commitment to combat corruption and offer a level playing field for potential investors.
The President wrapped up his state visit to Qatar, the last leg of his Middle East tour, with a meeting with the Emir Sheikh Tamim bin Hamad Al Thani on revitalized bilateral relations especially on trade and investment.
Duterte is expected to return to Manila on Monday afternoon.