The Board of Investments (BOI) is wooing Taiwanese companies to develop and process nickel, copper, and cobalt ore in the Philippines to complete the value chain needed for electric vehicles.
Citing the Philippines is abundant in such minerals, and is now the top exporter of nickel in the world, BOI managing head Ceferino Rodolfo in a webinar said “we invite Taiwanese companies so that we can process nickel, cobalt, and copper.”
Aileen Zosa, executive vice president of the Bases Conversion and Development Authority, presented to the Taiwanese some of the investment opportunities in New Clark City (NCC) such as the common ICT corridor project, data center colocation facility, solid waste management, and waste-to-energy project, research and knowledge-based pharmaceutical and medical facilities, among others.
NCC was offered as an investment destination due to its strategic location south of Taiwan.
At 9,450 hectares, NCC is the first smart, green, and resilient metropolis in the Philippines.
As of December 2021, 15 Taiwanese were located in NCC generating 4, 933 jobs and infusing $ 213.54 million investments.
Soon to rise in NCC are food processing terminal, NCC central park, mixed-income housing, international food market, Hann Lux Mountain Resort, among others. – Irma Isip