President Marcos has designated Tupi Information Technology (IT) Park in Cotabato as a Special Economic Zone.
Through Proclamation No. 530 dated May 2, Marcos created and designated Tupi IT Park as a Special Economic Zone upon the recommendation of the board of directors of the Philippine Economic Zone Authority (PEZA).
According to Marcos, the move aims to support the government's thrust to attract more foreign investors.
Such designation is also pursuant to the powers authorizing the Chief Executive under Republic Act (RA) No. 7916, or the Special Economic Zone Act of 1995, as amended by RA No. 8748.
Signed by Executive Secretary Lucas Bersamin, the President’s issuance covers Lot 1-C-5-A (LRC) Psd-198686 TCT No. 145-2015001381, located along the National Highway, Barangay Poblacion, Tupi, South Cotabato.