Philippine Ambassador to the UAE Hjayceelyn Quintana (centre) with SMDC delegates during a visit to the Philippine Embassy in Abu Dhabi on February 18, 2021.
PHOTO BY SUPPLIED
DUBAI – Philippine Ambassador to the UAE Hjayceelyn Quintana urged a six-member delegation from Philippine property developer SM Development Corporation (SMDC) to explore possible joint ventures in the UAE.
“Given SMDC’s stature as a key player in residential real estate development, SMDC can start looking into opportunities from the current housing needs of the large Filipino community in the UAE,” Quintana told delegates during their recent visit to Abu Dhabi.
The Philippine ambassador cited the UAE as among the first few economies poised to recover immediately from the pandemic. She also cited favorable business-related UAE legislations as added impetus for looking into possible partnerships with leading UAE companies.
The SMDC group, led by International Sales Director Norberto Layug Jr., is currently in the UAE to survey the international market.
Layug said that UAE-based Filipinos are their top market for real estate projects in the Philippines.
According to SMDC, the Philippine real estate industry is picking up pace despite the pandemic. They credited overseas Filipinos for the spur in business. ICA/Expat Media
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