President Marcos has designated a parcel of land in Iloilo City as a special economic zone.
Through Proclamation No. 668, a building and the parcels of land where it stands as an Information Technology Center as a special economic zone.
It is located on a parcel of land in Mandurriao, Iloilo City.
The building designated is to be known as the Grid.
Meanwhile, Marcos has issued another proclamation, expanding the Lima Technology Center-Special Economic Zone in Malvar, Batangas.
Under Proclamation No. 670, Marcos designated several parcels of land as an inclusion to the existing Lima Technology Center-Special Economic Zone.
Proclamation No. 668 and 670 were issued by the President on Aug. 27 upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The President’s proclamation was signed by Executive Secretary Lucas Bersamin.
According to PEZA, as of April 2023, there is a total of 419 economic zones in the country, 297 of which are information technology parks or centers.
PEZA promotes the establishment of economic zones in the Philippines for foreign investments.