PRESIDENT Ferdinand Marcos Jr. has signed two proclamations expanding the existing Gateway Business Park economic zone and creating the NDC Industrial Estate, a new special ecozone, both in Cavite.
The Presidential Communication Office (PCO) said in a statement yesterday Proclamation No. 669 designating an additional 2,898 square meters (sq.m.) of land to the existing Gateway Business Park. The proclamation was signed Aug. 27, 2024.
This newly included area, with a project cost of P380 million, is expected to host a locator specializing in metalwork.
PCO said Proclamation No. 677 designates more than 191,000 sq.m. of land for the NDC Industrial Estate, with an estimated project cost of P343 million. The proclamation was signed Aug. 29, 2024.
This new ecozone is set to accommodate three companies engaged in the production of soap and other detergents, renewable energy, and the customs electronics manufacturing sector.
As of June, Gateway Business Park hosts 28 companies, generating approximately $430 million and employing over 29,000 Filipino workers.
“The expansion of Gateway Business Park and the creation of NDC Industrial Estate are crucial steps in boosting economic activity in the region. These projects attract more investments and generate high-value jobs for Filipinos. In the long run, this will significantly contribute to the country’s industrial development and our goal of becoming a regional hub for manufacturing and innovation,” said Tereso Panga,” director-general of the Philippine Economic Zone Authority.
