Aboitiz InfraCapital (AIC) Economic Estates’ West Cebu Estate recently clinched the title of “Best Industrial Development in Asia” at PropertyGuru’s Asia Property Awards, The recognition shines a spotlight on Balamban, Cebu, establishing it as a global investment hub. Recognized as the shipbuilding capital of the Philippines, the 540-hectare PEZA-registered West Cebu Estate stands as a showcase for world-class shipbuilding companies. The employment of 14,000 Filipinos by these companies is a testament to the skill of the Filipino labor force, attracting investments totaling PHP 36.046 billion over the years. Accepting the award at the 18th PropertyGuru Asia Property Awards (from left) were Ginalyn Casinillo, Head of IBU Operations for West Cebu Estate; Cyndy Tan Jarabata, Chairperson of Philippine Property Awards; and Cyel Auza, Vice President for Cebu Operations of Aboitiz InfraCapital Economic Estates.
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