Existing industrial estates to accelerate development of LEC
Existing industrial estates can help the Luzon Economic Corridor convert stronger connectivity into investment by providing companies with operating environments that are ready today, Aboitiz Economic Estates said following a visit by a US Trade and Development Agency delegation to LIMA Estate in Batangas.
Manila, Philippines — Existing industrial estates can facilitate the Luzon Economic Corridor's development by providing companies with ready-to-use operating environments, according to Aboitiz Economic Estates. This was revealed after a delegation from the US Trade and Development Agency (USTDA) visited LIMA Estate in Batangas. Rafael Fernandez de Mesa, president and CEO of Aboitiz Economic Estates, emphasized that the Luzon Economic Corridor presents a significant opportunity to enhance the Philippines as a manufacturing and investment hub.
The USTDA visit aimed to showcase the Luzon Economic Corridor's progress, focusing on infrastructure, economic connectivity, and investment across key growth areas in Luzon. The estate in Batangas covers approximately 1,100 hectares, accommodating over 200 locators and employing around 75,000 workers. The operation has attracted around PHP 129 billion in locator investments.
Aboitiz Economic Estates operates industrial platforms in both Southern and Central Luzon. LIMA Estate offers mature, operational capacity in Batangas, while TARI Estate in Tarlac introduces a new generation of industrial facilities with strategic access to Clark and Subic.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
