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Tuesday, December 5, 2023

Italian business groups show interest in New Clark City projects

Two Italian business associations showed interest in the New Clark City in Capas, Tarlac as investment destination during an outbound investment mission organized by the Bases Conversion and Development Authority (BCDA).

Confindustria and the European House of Ambrosetti were among the companies that joined the investment meeting held in Rome, Italy.

Confindustria is Italy’s main association representing manufacturing and service companies, with a voluntary membership of over 150,000 firms. The European House Ambrosetti, meanwhile, is a leading Italian management consulting firm supported by a series of strategic alliances and an external network of worldwide renowned advisors.

BCDA vice president for public affairs Lani Macasaet said the Italian business groups were looking at other Clark developments where they could set up business in the Philippines.

“BCDA fully supports the Philippine Embassy in its bid to pitch the Philippines as an investment destination for Italian businesses. Particularly, BCDA’s flagship project, New Clark City, offers investment opportunities in manufacturing, logistics, agri-industrial, property development, and renewable energy, among others,” she said.

Macasaet laid out the organization’s comprehensive plans for New Clark City, Clark Freeport Zone, and Clark International Airport to Italian investors and financial institutions in Rome, where she highlighted the potential for collaboration in the public-private partnerships in the organization’s development projects in Clark.

The investment mission, held in October 2023, highlighted development projects such as the 100-hectare mixed-use Clark Central Business District in Clark Freeport Zone in Pampanga, the 35-hectare affordable residential complex in New Clark City in Tarlac, the 22-hectare Clark International Convention and Exhibition Complex, New Clark City Common ICT Infrastructure and data center colocation facility in New Clark City, among others.

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