Executive Secretary Ralph Recto announced the establishment of three new special economic zones in Parañaque, Laguna, and Misamis Oriental, which are expected to attract P3.03 billion in investments and create 7,200 jobs.
The designated zones include an Information Technology Hub at 8912 ASEAN Avenue in Parañaque City, the Filinvest Innovation Park in Calamba, Laguna, and an agro-industrial economic zone in Medina, Misamis Oriental known as the Alloco Development Corp. Industrial Estate.
Recto cited the strategic location, skilled workforce, good infrastructure, and reliable utilities as factors attracting investors to these areas.
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