The announcement came as Marcos was in Singapore where he met with Dyson officials, the statement said.

The consumer electronics company made a decision earlier this year to invest further in the Southeast Asian country, where it has a factory producing electrical motors, it said.

The new investment will cover a new plant, research and development, staff expansion and software that Dyson will need in the next two years, it said.

Dyson did not immediately reply to a request for comment.

Marcos said Dyson’s investment will mean job opportunities particularly for Filipino software engineers.

In 2020, Dyson announced a S$4.9 billion (US$3.59 billion) global investment plan, with the money to be divided between the company’s global head office in Singapore, its two campuses in Wiltshire, southern England, and the Philippines.