By Junex Doronio
MANILA — Some P44.4 billion in investment commitments have been bagged by Clark Development Corp. (CDC) as of the second week of March this year.
On Sunday, the CDC, which oversees the Clark Freeport Zone, disclosed that the investment commitments were primarily made of direct leases with the agency.
“On behalf of the national government and the country, thank you for your continued interest in investing in the Philippines, particularly in Clark,” Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go said.
It was gathered that among the commitments cited by the agency are the tourism and leisure estates developer Donggwang Clark Corporation with P20 billion, and integrated resort and water theme park facilities developer BB International Leisure and Resort Development Corp. with P15 billion.
“With these investments and expansions, Clark anticipates adding 5,833 employees to its workforce, thereby boosting employment opportunities in the region,” the CDC statement said.
The CDC further said electronics manufacturer DeviceDesign Philippines Corp. had invested an additional P103 million for its expansion plans, while Yokohama Tire Philippines Inc. would be pouring in an additional P3.56 billion to expand its operations.
It added that the investments involved renewable energy, tourism, semiconductors, electronics, pharmaceuticals, medical devices, green minerals, food and agriculture, and steel.
Meanwhile, local investors include the Clark Water Corp., which allocated P5.56 billion for service improvement projects, and the Philippine Exporter Foundation Region III with P30.6 million for a lifestyle showroom and pasalubong center.
Other commitments included those from Habibia Corp. with P22 million, JBW Floor Center Inc. with P5.8 million, Otonari Food OPC with P40 million, and Nationstar Development Corp. with P126.95 million.
(el Amigo/MNM)