Clark Development Corp. (CDC), which oversees the Clark Freeport Zone, on Sunday, said it secured P44.4 billion in investment commitments as of the second week of March.
Clark Development Corp. , which oversees the Clark Freeport Zone, on Sunday, said it secured P44.4 billion in investment commitments as of the second week of March, primarily made of direct leases with the agency.In an emailed statement, the CDC said the investments involved renewable energy, tourism, semiconductors, electronics, pharmaceuticals, medical devices, green minerals, food and agriculture, and steel.
The CDC 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.Local investors include the Clark Water Corp., which allocated P5.56 billion for service improvement projects, the Philippine Exporter Foundation Region III with P30.6 million for a lifestyle showroom and pasalubong center.
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