Kapalong's Mayor and Vice Mayor Engage in Strategic Talks with SM-Savemore Investors to Potentially Bring Savemore Market to the Municipality

by Super Admin

Mon, Apr 29, 2024 8:06 AM

Mayor Maria Theresa Royo-Timbol and Vice Mayor Edgardo L. Timbol, along with Ms. Maria Corina R. Timbol, Municipal Administrator, and Arnel L. Panimbo, MPA-LG the Local Economic Development and Investment Promotion Officer of the LGU- Kapalong, engaged in a strategic multiparty negotiation with potential investors from SM-Savemore on Friday, March 22, 2024, at the Mayor's Office, Kapalong Municipal Hall, Kapalong, Davao del Norte.The main goal of the conference was to come to a mutually satisfactory agreement regarding the establishment of a SM Savemore Supermarket in Kapalong. This would benefit not only the parties involved but also the residents of the municipality, potentially boosting local employment.The meeting involved discussions about a potential site covering approximately 2,000 square meters, located within Kapalong's urban center. Furthermore, the municipality’s investment officer, Arnel L. Panimbo, MPA-LG, has already identified a strategic area that is accessible to all 14 barangays in Kapalong, where the planned project will soon be developed.The upcoming investment project is expected to commence with an estimated initial investment of 84 million pesos, which has the potential to provide significant economic benefits to the municipality. The conference concluded with an agreement to finalize all technical aspects related to the investment requirements.

Municipality of Kapalong

Quezon St. Maniki (Poblacion), Kapalong Davao del Norte, 8113

Kapalong's Mayor and Vice Mayor Engage in Strategic Talks with SM-Savemore Investors to Potentially Bring Savemore Market to the Municipality

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Quezon St. Maniki (Poblacion), Kapalong Davao del Norte, 8113

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