Thriving Province with Diverse and Fast-Growing Economy
Compostela Valley in eastern Mindanao is the 78th province in the Philippines; it was carved out of Davao del Norte Province in 1998. Called “Comval” for short, the province is the third-largest in the country. Its capital is Nabunturan, and its neighboring provinces are Davao del Norte to the west, Agusan del Sur to the north, and Davao Oriental to the east. The province’s southwestern border is the Gulf of Davao.
Compostela Valley has long been known for its fertile soil and ideal growing conditions for a variety of crops, particularly rice, coconuts, cacao, coffee, papayas, mangos, pineapples, durians and bananas. The province also has deposits of gold and other minerals as well as a thriving fisheries sector dominated by small-scale family-owned operations that produce tilapia, milkfish and others. The tourism sector has exceptional potential, too, thanks to the province’s many cultural and natural wonders, including beautiful beaches.
One of the country’s richest provinces by 2030
Because of its hard-working population and extensive resources, Compostela Valley is expected to be one of the richest provinces in the Philippines by 2030.Arturo T. “Chiongkee” Uy, the province’s fourth governor, is currently serving his second term. He is known for forging unity among different factions in the province and for improving public services and building the foundations for sustainable economic growth.
Compostela Valley welcomes international investors in mining, agriculture, food processing, fisheries, tourism and other sectors. The province’s proven minerals resources include 363.5 million metric tons of copper and 36.6 million metric tons of gold. In the agriculture sector, the province now has 18,272 hectares of rice plantations and 21,527 hectares devoted to the cultivation of vegetables, in addition to other thriving farming operations. Compostela Valley illustrates the outstanding investment potential of the Philippines today.