The Clark International Airport Corp. (CIAC) sees the company hitting the P1-billion revenue mark in two years, according to its president Arrey Perez.
Perez told reporters the agency looks forward to attracting more locators in the 1,141-hectare area yet to be privatized within the 2,367-hectare Clark Civil Aviation Complex.
CIAC revenues are seen rising 10 percent to P750 million this year from P680 million in 2023. Last year, revenues were up 5 percent from P650 million in 2022.
Perez said CIAC is focusing on commercial and industrial park development in small pieces of properties within what is called Precinct 2 of the complex, a 270-hectare property near the airport.
Revenues of CIAC are derived from is share in the revenues of the Clark International Airport as well as leases of properties of 53 locators and 85 sub-lessors, including garments manufacturer Luenthai, aircraft parts maker Jamco, and holding firm Udenna Corp.
CIAC has 7 flagship projects valued at P30 billion for implementation until 2028.
Phase one of two of these projects are to be rolled out this year.
These are the P8.5-billion 64-ha national food hub and the P21-billion 37-ha. Clark Entertainment & Events Center.
