Clark International Airport Corp. said the reclassification of the Clark Industrial Estate into a global hub of commerce and industry will hasten regional development, especially in the greater Clark area and Central and Northern Luzon.
President Rodrigo Duterte signed Executive Order No. 81 on June 4 reclassifying the 290-hectare Clark Industrial Estate 5 as an international center of commerce, industry, leisure, and recreation, amending EO No. 716 signed in 2008.
“This is definitely a marching order in the right direction and will surely be a boon to regional development especially in the greater Clark area, and Central and Northern Luzon,” said CIAC president Jaime Melo.
The previous EO No. 716 limited CIAC to “only engage in aviation, aviation-related services and aviation-related logistic activities (at Clark IE5).”
The entire 290 hectares of the industrial estate has been reclassified as an international center for commerce, aviation logistics, industry, leisure and recreation.