UNITED International Hotels Group, Inc., local unit of Kuwait-based International Trade Holdings Co. KSC (ITHC), is seeking state perks for its newly built resort in Palawan, according to a Board of Investments (BoI) notice published in a newspaper over the weekend.
“United International Hotels Group, Inc. is applying for registration with the Board of Investments as a new operator of tourism-related facility at a capacity of 82 villas on a non-pioneer status,” read the notice, identifying the project as Huma Island Resort and Spa on Horse Island, Barangay Sagrada, Busuanga, Palawan.
Should the firm’s application be approved, it will enjoy a four-year income tax holiday; duty-free importation of capital equipment to be used in the projects covered; permit to employ foreign nationals in supervisory, technical or advisory positions for five years from date of registration; and simplification of customs procedures for importation of equipment and raw materials.
BoI is the agency that approves registration of projects that qualify for such incentives.
Tourism is included in the 2013 Investment Priorities Plan the government released in November last year which identifies sectors that can avail of state incentives.
Huma Island Resort and Spa, according to its Web site, is a multimillion-dollar investment with 82 villas, each equipped with individual jacuzzi, seven dining outlets, fitness center, library, kids’room and spa center.
The resort was scheduled for opening before Christmas last year, but super-typhoon Yolanda, which pummeled parts of the central Philippines on Nov. 8, “affected Huma Island,” according to the Web site.
“After our short break to recover, refurbishments resumed and are now on soft opening… We plan to have the soft opening stage to be completed by end of first quarter and will announce the grand opening date accordingly,” the Web site stated.
United International Hotels Group is part of Kuwait-based ITHC Group which is into retail, construction, environment protection and power generation.