Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.
Best prospects for U.S. companies in the Philippines include information and communications technology (ICT), defense, clean energy, transportation infrastructure, and healthcare.
The Philippines will spend about $4.4 billion on digital infrastructure over the next six years. Priority subsectors include cybersecurity, the cloud, and telecommunications.
The Armed Forces of the Philippines is undertaking a 15-year modernization program that started in 2012 and will continue through 2027. The total cost of the 15-year program is projected to be over $4 billion. Opportunities exist for sales in aircraft, ships, unmanned vehicles, intelligence and surveillance systems, communications, personal protective equipment, and weapon systems.
President Marcos Jr. announced that his administration will continue the Build, Build, Build program launched by the Duterte Administration in 2017 to address the country’s infrastructure challenges. Japanese tied-aid projects cover a large portion of this initiative, but U.S. firms can work on these projects as a sub-contractor or supplier through the main Japanese contractor. Opportunities also exist for U.S. firms to compete on government tenders through a Philippine partner. Furthermore, firms may also elect to participate in public-private partnership (PPP) projects.