State-owned Clark International Airport Corp. (CIAC) is seeking investors to locate at a 300-hectare property near the airport.
Joshua Bingcang, CIAC president, in a statement said the prime leasable lands will easily become profitable with the resurgence of air travelers and visitors at Clark.
Bingcang said CIAC is targeting developers of modern transportation hubs, MICE (Meetings, Incentives, Conferences and Exhibitions) buildings, hotels and casinos, condotels, theme parks, and commercial centers.
He said the area will be leased out to the investors even as he tagged airport operator Luzon Integrated Premier Airport Development Corp. as an ideal partner in converting these leasable prime lots into productive use.
“CIAC is eyeing new locators and will focus on low-hanging fruits that’s ripe for the picking, as we have prime leasable lots accessible to a world-class international airport, inside a tourist-friendly freeport zone, with a passenger and cargo railway operational in the next couple of years,” Bingcang said.
He said the agency’s marketing and business development teams are also being augmented with personnel which will get involved in local and international trade and investment missions.
Bingcang added CIAC will use as reference its recently updated masterplan which specified mixed-use, commercial, light industries, institutional and residential sections at the aviation complex.
The 300-ha. property is part of the 2,367-ha. Clark Civil Aviation Complex being managed by CIAC, a subsidiary of the Bases Conversion and Development Authority.
The complex is home to the Clark airport and host to the mixed-use commercial hub Clark Global City and other locators engaged in manufacturing, information and technology, renewable energy, and other non-aviation-related industries.
