Construction of the CEZA Corporate Center and Commercial Center inside the envisioned CEZA Global City will simultaneously break ground within April.
Cagayan Economic Zone Authority administrator and chief executive Raul Lambino said the two buildings would be ready for occupancy by early next year, filling the demand for offices from the first 26 fintech (financial technology) principal licensees of the Cagayan Special Economic Zone and Freeport.
Local commercial banks and a fresh batch of business locators in the tourism and manufacturing sectors are also setting up offices in the corporate and commercial centers.
The planned improvement and rehabilitation of Port Irene would get underway, said Lambino, with the construction of six new warehouses amid rising demand for space by port users importing construction materials and supplies and a variety of loose cargoes.
CAGWEI of China finished the construction of a paper-recycling plant that could turn in tons of regular and special papers for domestic use and export to several countries in the Asia-Pacific region.