Central Luzon offers ₱11 B in business opportunities

Published October 28, 2019, 12:00 AM

by manilabulletin_admin

By Bernie Cahiles-Magkilat

The Central Luzon Growth Corridor Foundation, Inc. (CLGFI) through the Department of Trade and Industry (DTI) Region 3 has launched 15 “Business Offers for Investment” with estimated investment requirement of ₱11 billion.

At the recent first Central Luzon Expo (CLE) held at the ASEAN Convention Center, Clark Freeport Zone in Pampanga, CLGFI offered 15 business opportunities with investments of ₱11.06 billion through pre-matched and on-site meetings between investment specialists of the seven provinces of Central Luzon and would-be investors from the private sectors at the B2B Meetings during the two-day expo.

“Local government units (LGUs) identified these potential investment opportunities and conducted studies, which they presented to the Board of Investments (BOI) for approval. It took a year to come up with the list,” said Judith Angeles, DTI Regional 3 director.

The list of business offers includes a Mega Convention Center and the Dingalan Commercial Fishing Industry in Aurora, Master Plan for Hotels for Bataan, and the Establishment of Community-Based Bangus Nursery in Bulacan.

CLGCFI is composed of seven governors of the seven provinces of Central Luzon – Aurora, Bataan, Bulacan, Nueva Ecija, Pampanga, Tarlac, Zambales – the DTI Undersecretary for Industry Investments and the DTI Region 3 regional directors.

For Tarlac a Youth and Lifestyle Center, and a Cacao Coconut Plantation in the Municipality of Zambales. Nueva Ecija and Pampanga have multiple business opportunities including the Establishment of Onion-Cold Storage in Palayan City, Construction of Accommodation/Hotel in Pantabangan, as well as the Sasmuan Eco-Recreational Adventure and the City of San Fernando Town Center.

CLE is envisioned to showcase Central Luzon as a key growth region in the areas of trade, tourism, and investments.

“We believe that the Central Luzon, as the third biggest region in the country in terms of population, has the most potential and untapped resources. Thus, we continuously seek new platforms to showcase this vast potential of our region for development,” shared Tarlac Governor Susan Yap, president of CLGCFI.

With its strategic location as the gateway to Asia, accessibility to three international airports, expanding infrastructure facilities, and the highly-anticipated full development of the New Clark City, Central Luzon is strengthening its position as of the most dynamic investment destinations in the country not only in the field of agriculture, but also in technology, trade, and tourism.

“We aim to inform investors, both domestic and international, that Central Luzon is ready to be the next hub for major trade and investments. We have the necessary infrastructure and an efficient and effective system laid down to assist all those who wish to be a part of this fast-growing and innovative region,” Yap added.