Five special economic zones are expected to rise in five Tawi-Tawi islands to boost Mindanao as a viable investment site.
The Philippine Economic Zone Authority approved the creation of the first Tawi-Tawi Special Economic Zone in May 2017 as part of a plan to create new economic zones in all idle lands in the country.
“We want to have five economic zones in Tawi-Tawi, one ecozone per island. We will build a transshipment port to support the export industry that will arise from economic zone operations,” Peza director general Charito Plaza said Friday.
The first ecozone is a 10-hectare private estate proposed by a former Mindanao governor.
Plaza said Peza planned to put up more public economic zones “because it is cheaper to locate in a government-owned ecozone.”