More foreign investors keen on Clark projects

CLARK FREEPORT – More foreign investors are keen on doing business in this free port and the New Clark City (NCC), according to members of Foreign Trade Service Corps (FTSC) who recently visited this economic hub.

During a forum organized by Clark Development Corporation (CDC), 28FTSC members composed of Trade Representatives or Commercial Attachés of the Department of Trade and Industry (DTI) assigned in various parts of the world said that investors from their areas of coverage expressed optimism on potential projects.

FTSC members were received by CDC officials headed by President/CEO Noel F. Manankil.

“There is a lot of interest from Korea to participate in the various projects at the New Clark City,” Commercial Attaché for Korea Emmanuel Niño Ang said.

Ang added that engineering and construction firms will visit the country to explore possible investments in this Freeport.

In a similar way, Commercial Attaché for United Arab Emirates (UAE) Eric Elnar also conveyed the interest of a UAE-based firm to invest on a theme park inside the Freeport.

During the briefing, particular attention and discussion were given on topics about land areas, partnerships on utilities, tourism - related projects, education services and innovation in NCC, said Noel Tulabut, CDC communications manager.

BCDA Planning Officer CP Quillamor addressed queries of the FTSC members.

He said that feasibility studies covering water, power, solid waste management and gas distribution are being conducted.

Quillamor also reported that the agency has identified an area for innovation and incubation within NCC.

“Right now, we are trying to partner with MEC of Japan on the development of our business and innovation hub,” he said.