Ibi Group Holdings Ltd. Enters MOU for Potential Investment in Manila Bay Central Business District Development

Reuters

Jun 12

Ibi Group Holdings Ltd. Enters MOU for Potential Investment in Manila Bay Central Business District Development

Ibi Group Holdings Ltd. has entered into a memorandum of understanding (MOU) with Waterfront Manila Premier Development Incorporated and Global Talent Management Limited for a potential investment in developing a new central business district in Manila, Philippines. The project involves reclaiming two islands in Manila Bay, covering approximately 318 hectares. Ibi Group, leveraging its expertise in construction and project management, will serve as a project advisor to potential investors seeking a majority stake in the project. The MOU, effective for four months, outlines Ibi Group's role in overseeing the project, providing construction expertise, and advising on procurement and progress. The agreement aligns with Ibi Group's strategy to explore new opportunities in property development and investment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ibi Group Holdings Ltd. published the original content used to generate this news brief on June 12, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Enters MOU for Potential Investment in Manila Bay Central Business District Development","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Ibi Group Holdings Ltd. Enters MOU for Potential Investment in Manila Bay Central Business District Development\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Ibi Group Holdings Ltd. has entered into a memorandum of understanding (MOU) with Waterfront Manila Premier Development Incorporated and Global Talent Management Limited for a potential investment in developing a new central business district in Manila, Philippines. The project involves reclaiming two islands in Manila Bay, covering approximately 318 hectares. 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