Aboitiz Infra Capital, the infrastructure arm of the Aboitiz Group, is investing about P2 billion to expand its economic estates, primarily for its Lima Estate in Lipa and Malvar, Batangas.

Aboitiz InfraCapital First Vice President Rafael Fernandez de Mesa said during the Laging Handa Public Briefing they have been developing its economic estates throughout the country.

De Mesa said that its economic estates, primarily in Batangas, employ about 100,000 Filipinos.

At present, he said, the Lima Estate is undertaking 150-hectare expansion. In addition, they have 50- hectare expansion in Balamban, Cebu on the western side of the island.

According to De Mesa, there are about 200 companies that are located in their economic estates. These investors are primarily engaged in light to the medium manufacturing.

“As we expand these estates, we’ve been going out on investment mission to Korea and mostly recently Japan to work with the Philippine government in attracting investment,” he said.

The company is working with the Philippine Economic Zone Authority to support their investment campaign by showcasing what the private sector has to offer in terms of project location.

Recently, Aboitiz Infra joined the investment mission to Korea and Japan.

The group would like to attract new businesses involved in renewable energies and technologies as well as companies that are looking to potentially fill gaps in the country’s supply chain, he said.

“We're also very interested in attracting companies that are not just exporting their products but also want to take advantage of our population and certainly domestic market as well,” he concluded.