Aboitiz InfraCapital (AIC) is investing P1.4 billion into the expansion of the West Cebu Estate (WCE) to host more industrial locators in the province of Cebu.
With the development of 39 hectares of the 540-hectare estate, the expansion is expected to generate an additional 14,000 jobs upon its completion by 2024, and will include the diversification of WCE’s locator mix to include light to medium manufacturing.
The project broke ground on March 10.
Rafael Fernandez de Mesa, president of Cebu Industrial Park Developers Inc. and head of AIC Economic Estates said there is growing demand for industrial spaces in key areas in Cebu, with more locators expected to set their sights in the region as the country gears up for recovery.
WCE hosts 11 locators from medium to heavy industries, and has complementary residential, commercial, and institutional components, with future development areas for commercial centers, dormitories, and residential communities.
The West Cebu Estate is owned and developed by Cebu Industrial Park Developers, Inc. (CIPDI)–a joint venture project of Aboitiz InfraCapital with Tsuneishi Holdings of Japan.
