The Philippine Economic Zone Authority (PEZA) is seeking oil refining investments from the United Arab Emirates (UAE) and for them to make the country their distribution hub in Southeast Asia.
PEZA director-general Charito Plaza told the Global Biz Forum yesterday the agency is encouraging the development of island refinery ecozones to host oil companies, such as those from the UAE “to bring their oil deposits, stock it in the Philippines and make the Philippines as their distribution hub in Southeast Asia.”
Plaza said PEZA is also targeting Emirati enterprises which are into manufacturing, information technology-business process outsourcing, tourism, medical tourism and agro-industry.
Six UAE companies are registered with PEZA with cumulative investments of P383 billion and contributing 330,0906 jobs.
These include Arbour International Philippines Inc., a unit of DP World; Black & White Middle East Philippines Inc.; Dreamscape Networks Inc., Modular’s Global Venture Inc., Operations Hub Control Inc and Unimoni Global Business Services Inc. – Irma Isip
