The Philippine Economic Zone Authority (PEZA) expects President Ferdinand Marcos Jr. to proclaim at least 30 new economic zones in 2025.
PEZA director-general Tereso Panga said that while the Calabarzon region continues to dominate as a hub for economic zones, efforts are underway to explore new growth areas, including other regions.
“We’re looking at Region 3, Cebu and particularly pushing for more ecozones in Mindanao. The focus includes agricultural zones, especially those targeting resource-seeking investments like agri-industries and green ores,” he said.
Investment for ecozone development is estimated at P1 billion to P2 billion per hectare, for a minimum land area of 25 hectares per zone.
Panga said agricultural zones and IT parks are among the key targets for development, with the latter aimed at expanding into the next wave of cities and municipalities to cater to IT-related activities.
The Marcos administration already proclaimed 16 new economic zones.
“If we can double this number, it will significantly boost production and economic activities, especially in new growth areas,” Panga said.
PEZA reported realized investments amounting to P214.5 billion this year, surpassing its initial target of P200 billion. The agency expects investments in 2025 to grow by 9 percent to 10 percent, reaching P235 billion to P250 billion. The projected growth is expected to be led by the manufacturing and information technology sectors.
