Tokushima Auction Market Corporation to Establish Joint Venture with BARMM Development Corporation for Five Strategic Sectors Including IPP, Oil, and Natural Gas Development

Tokushima Auction Market Corporation (Head Office: Tokushima City, President: Yoshihisa Arai) is pleased to announce that it has signed a Memorandum of Agreement with Minsupala Energy and Mineral Resources Development Corporation, an organization responsible for energy and mineral resource development in the Bangsamoro Autonomous Region (BARMM), Philippines, for the establishment of a joint venture company covering five strategic business sectors. The signing ceremony was held on May 28, 2026, in General Santos City, Philippines, with approximately 80 participants, including government and industry representatives. This agreement aims to strengthen industrial infrastructure and promote sustainable economic development in Southern Philippines. Through the new joint venture, both parties will advance five key sectors: Independent Power Producer (IPP) projects, Digital Data Link Satellite projects, Natural Gas Development projects, Oil Development projects, and AI Data Server projects. The total investment for these five sectors is US$6.2 billion. Furthermore, the total investment for the broader 'Philippine Integrated Agriculture and Fisheries Development Project,' which includes agricultural and fisheries initiatives, is US$12.2 billion. Minsupala is a development corporation officially designated by BARMM for energy-related activities and plays a significant role in regional resource development. Both parties have completed preliminary studies and technical validation, and are now in the stage of selecting project partners. Negotiations are underway with leading US and European companies, and participation by Japanese firms is highly anticipated. This initiative extends beyond energy and infrastructure to include the modernization of agriculture and fisheries. Plans include expanding rice production in the BARMM region, developing local specialty products, and applying high-tech solutions to large-scale aquaculture. Furthermore, the project will integrate with the General Santos Airport redevelopment and logistics system construction. By combining energy, communications, and data infrastructure, the project aims to establish a comprehensive traceability system from production to end-users. These objectives will be achieved through digital data links and AI. Tokushima Auction Market Corporation aims to integrate its agricultural, energy, and digital infrastructure businesses to build a model for sustainable industrial development and international cooperation in Southern Philippines. SATO INVESTMENT SPC has been appointed as the consultant for this project.