Construction

Workforce

The Philippines offers excellent training. With over 15,000 licensed contractors, our pool of engineers and skilled workers continues to grow.

We have over four million people employed in the industry and we have a dedicated workforce with significant experience in infrastructure. The Construction industry keeps investing in its people through excellent training schemes.

Government Support

Despite the public health crisis, the government will continue to deliver infrastructure projects as a way of pump-priming the economy. The Philippine government has committed to increasing public spending on infrastructure and construction, as well as allowing investors to import duty-free capital equipment such as machinery and tools as well as spare parts and supplies.

The Construction industry plays a key role in the implementation of the “Build, Build, Build” Program, the Infrastructure Flagship Program of the country. The overseas Construction industry still contributed a total amount of over US$116 million.

CONSTRUCTION INDUSTRY OVERVIEW

The last two years have been widely viewed as the “Golden Age of Infrastructure” in the Philippines. The government plans to spend US$9 million on infrastructure under the country’s “Build, Build, Build” Program.

The Construction industry is among the fastest-growing industries in the region. In the last 20 years, the demand for construction and infrastructure services has grown exponentially in the Philippines and overseas.

The Philippine government offers attractive incentives to registered firms, including:

• 4-8 years Income Tax Holiday (ITH)
• ITH Bonus of 3 years if the firm meets certain conditions
• Tax and duty-free importation of capital equipment, spare parts, and supplies
• Tax and duty-free importation of raw materials and supplies used in export
• Special Tax Rate of 5% on Gross Income
• Zero percent VAT
• Employment of foreign nationals

With over four million employees, the Construction industry and technical experts are highly skilled and ready to work. Foreign companies already investing in the region include:

• Fluor
• Sumitomo Mitsui Corp
• Japan Gasoline Co.