Aboitiz Group is investing at least P2 billion to expand its economic estates that aim to attract locators in light to medium manufacturing as well as renewable energy and projects that would fill the gaps in the supply chain.
Rafael Fernandez de Mesa, head of Aboitiz InfraCapital Economic Estates, told the Laging Handa public briefing yesterday the company supports the government’s bid to attract more investments by providing location to prospective companies.
“Aboitiz InfraCapital has been developing economic states throughout the country… with about 100,000 Filipinos working there. As we expand these estates, we’ve been going out on investment missions to Korea and most recently Japan to work with the Philippine government in attracting investments,” De Mesa said.
The company is expanding its LIMA Estate in Lipa/Malvar, Batangas by 150 hectares and West Cebu Estate in Balamban, Cebu by 50 hectares.
According to De Mesa, about 200 companies are located within its economic estates primarily into light to the medium manufacturing.
The company is also inviting locators that are not just exporting their products but also want to take advantage of domestic market as well.
De Mesa said the amount of the investments to be generated will depend on the individual companies on the size of their facilities as well as the type of business.
