₱1.8 Billion Philippines’ largest Export Processing Zone - 225-hectare to rise in Davao by 2013

STA. CRUZ, Davao del Sur–A 1.8-billion export processing zone, touted to become the country's largest when finished, will rise here at the start of 2013.

Mayor Joel Ray Lopez said the provincial and the town government chipped in to fund the facility, which will be built on a 225-hectare piece of land in Barangay Tagabuli here, which was acquired from a local businessman.

Lopez said the land will be divided, according to the masterplan, into sectors.

A 150-hectare portion was identified for industrial use while another 50 hectares will be for commercial use. Twenty hectares will accommodate facilities for common services, he said.

The export processing zone, he said, will also incorporate a housing facility, which will be built on the remaining 8-hectare area.

"The facility will be offered for lease to interested businessmen," he said.

Lopez said they were optimistic about the success of the project because many locators are interested in coming in.

"It is better to put them in one place, which will be more convenient for them," he said, adding that the town enjoys stable power, good water supply and telecommunication facilities.

Currently, this town plays hosts to a number of industries, including desiccated coconut manufacturer Franklin baker, Banana chips exporter GSL Foods, beer giant San Miguel Brewery Corp. and power generator Aboitiz Power's Hedcor.

Lopez said the project would not only generate more taxes and revenues for the local government but will also generate more employment opportunities


Share on Google Plus

About Webber

I am among of the writers and administrators of this web site. I always on the heads up when it comes to Sports, Politics, Economy, Business, Physics, Mathematics, Technology, computers and NEWS all over the world that triggers ny eyes and interests. I am working as a volunteer with other 14 administrators, researchers, writers and contributors. We are a strong solid team. Join us and be among of the contributor with your name on each posted article.

    Anonymous or Google Comment
    Facebook Comment



Investment Recommendation: Bitcoin Investments

Live trading with Bitcoin through ETORO Trading platform would allow you to grow your $100 to $1,000 Dollars or more in just a day. Just learn how to trade and enjoy the windfall of profits. Take note, Bitcoin is more expensive than Gold now.

Where to buy Bitcoins?

For Philippine customers: You could buy Bitcoin Online at Coins.ph
For outside the Philippines customers  may buy Bitcoins online at Coinbase.com