Two economic zones with combined investments of P1.04 billion, recently proclaimed by the President, are expected to open by 2025.
The P856-million expansion of the Lima Technology Center Special Economic Zone (LTC-SEZ) is expected to be completed by the first quarter.
Under Proclamation No. 670, LTC-SEZ will expand the existing economic zone by an additional 31.35 hectares next year.
As the largest privately-owned industrial park in the Philippines, LTC-SEZ hosts 169 companies, generating over P100 billion in investments and creating more than 65,000 direct jobs.
LTC-SEZ expansion is expected to further amplify Aboitiz InfraCapital’s contributions and better enable PEZA to execute its commitment to sustainable economic progress.
Meanwhile, The Grid, a new IT Center in Iloilo, was certified to start constructing a BPO center with initial investments of P193 million under Proclamation 668.
The new ecozone expects to accommodate three companies in the IT-BPM sector, with an estimated investment of P10 million and employment of 250 workers.
