By Monsi A. Serrano
The Philippines’ resilient economy, reform momentum, and skilled workforce have positioned the country as one of the most attractive destinations for long-term investment in Asia, according to Dr. Sadek Wahba, Chairman, Founder and Managing Partner of I Squared Capital, who announced a US$2-billion investment to expand sustainable cold storage operations in Bulacan.
“The Philippines offers one of the most promising growth stories in the region,” Dr. Wahba said, citing the country’s projected 4.6% to 5.7% growth rate this year, its narrowing fiscal deficit, and the steady progress in structural economic reforms.
He added that compared to other emerging markets in Southeast Asia and Latin America, the Philippines stands out because of its strong fundamentals and the government’s clarity of purpose. “In many countries, people debate endlessly about policy direction. Here, there’s already alignment — the challenge is no longer what to do, but how to execute effectively, mobilize capital, and sustain growth,” Dr. Wahba explained.
He also emphasized that continued infrastructure development—particularly in airports and logistics—will be crucial to maintaining the country’s growth trajectory and competitiveness.
Addressing the high energy demands of cold storage operations, Dr. Wahba said I Squared Capital is adopting AI-based energy management systems and expanding the use of renewable power solutions across its global operations. “Across our network, we’ve integrated smart systems that optimize power consumption. Around 20% of our facilities already operate on rooftop solar,” he noted.
Meanwhile, Joey Tongson, CEO of Royale Cold Storage (RCS), said the upcoming Bulacan facility will feature solar generation paired with battery storage technology, enabling clean energy use even after daylight hours. “This ensures that our operations remain efficient, sustainable, and aligned with global energy transition goals,” Tongson said.
Dr. Wahba further described the Philippines as a “rising force in the global infrastructure landscape.” He said their investment underscores I Squared Capital’s long-term confidence in the country’s reform-driven growth and potential to become a strategic hub for the Indo-Pacific region.
“Through our US$2-billion commitment spanning energy, digital infrastructure, logistics, and food systems, we believe the Philippines can serve as a model for sustainable and inclusive investment across the region,” Dr. Wahba concluded.
I Squared Capital, a global infrastructure investment firm operating in over 17 countries, has been channeling funds into high-impact sectors that drive food security, logistics modernization, and clean energy adoption. The Bulacan cold storage expansion is expected to strengthen the Philippines’ agricultural value chain and boost the country’s food security capabilities.