CLARK FREEPORT – Clark Development Corporation (CDC) President Felipe Antonio B. Remollo reported that major projects are in the pipeline to the Board of Investments (BOI), soon after the state-owned CDC remitted P100 million to the government coffers.
In his report to the BOI, Remollo bared that the projects range from tourism, residential, commercial, manufacturing, and aviation-related industries, and each carries investment commitments of more than P100 million, “and will most likely be implemented within the year.”
These projects, according to Remollo, include expansion projects of Japan-based tire manufacturing plant Yokohama Tire Philippines, Inc. (YTPI), Korean firm Donggwang’s recreational and leisure estate project, and the Philippine Academy for Aviation Training (PAAT), which broke ground last month in the presence of President Benigno Simeon C. Aquino III.
Also, Remollo added that the report also included the hotel and casino complex of Eagle Sky Amusement & Gaming (ESTAG), Go-Hotel Project of Robinsons Land Corporation, Mixed Use Commercial Facilities of Hausland Development, and the 3-hectare warehousing project of the MSK Group Work Inc., and the lighting manufacturing plant of Venzon Manufacturing.
According to Remollo, ESTAG aims to put up a P1.5-billion hotel and casino complex inside a 1.5 hectare area near the Clark International Airport while Robinson’s Land Corporation plans to infuse P300 million to append Clark in its growing list of locations for its successful Go-Hotel chain.
To diversify its real estate development business, Hausland Development is eyeing Clark for a 5,000-square meter area that will be highlighted restaurants, shops, and other commercial establishments.
“These projects were included in the report under the ‘major projects in the pipeline’ category since each carries investment commitments of more than P100 million and will be most likely be implemented within the year,” Remollo reiterated.
Also included in Remollo’s report of major industrial projects here are the MSK Group Work’s warehousing project and the P107-million lighting manufacturing facility of Venzon Manufacturing.
The P106.4-million warehousing project seeks to establish facilities for the suppliers of Chitai Industry Philippines and Muti-Tek Fasteners, two of the Clark’s most active industrial exporters.
Venzon Manufacturing plans to put up a manufacturing facility for the manufacture and distribution of wrought iron products such as decorative lighting fixtures and wrought iron works.
Of the 19 major projects included in the report, 10 are into industrial-manufacturing, which is a subtle reminder that the Clark’s industrial cluster is, and will continue to be, the Freeport’s most robust sector.
Source: CDC Public Relations Department