Alliance Global Group (AGG) is preparing to launch a $4.4-billion CAPEX (capital expenditure) from now until 2021. The move is designed to help the company cover expansion projects for its hotel and integrated resort (IR) operations. AGG is an investment holding company out of the Philippines that controls 50% of the company behind Resorts World Manila (RWM), Travellers International Hotel Group.

RWM is currently undergoing phase 3 of an expansion project by Travellers that is expected to be completed shortly. The project will see the inclusion of a new Grand Wing casino, as well as hotels by Sheraton, Hilton and Okura. Travellers is also in the process of completing the final designs for a new IR that will be located in Entertainment City in Manila.

AGG indicated that the investment will cover a number of development projects across the Philippines, as well as constructing of new lifestyle malls and residential facilities and upgrades to the Ninoy Aquino International Airport. According to the company’s CEO, Kevin Tan, “We are mindful of the current domestic and global economic developments, but we remain cognizant of the vast opportunities in the market; hence, our continued aggressive capital spending.”

Additionally, part of the money will go toward increasing the number of McDonalds fast food outlets the company owns across the Philippines and to fund maintenance CAPEX.