UMVA has learned that a massive injection of nearly P2 billion has been approved for two game-changing projects in Central Luzon, aimed at supercharging economic growth outside of Metro Manila.
The Board of Investments has greenlit the registration of two colossal initiatives: two mass housing projects worth P1.35 billion in Nueva Ecija and a P630-million industrial park in Mexico, Pampanga. This bold move is set to turbocharge economic activity in the region.
Trade Secretary Ma. Cristina A. Roque, who chairs the Board of Investments, said these groundbreaking developments are expected to ignite economic growth, providing thousands of affordable housing units for families and creating a plethora of job opportunities through the new industrial park.
Borland Development Corp. will spearhead the housing project, delivering 1,700 affordable-housing units that will target informal settlers in the region, while meeting the government’s socialized housing requirements.
The development of the housing project is slated to begin this month, generating a surge of construction and operations jobs, and providing a much-needed boost to the local economy.
Meanwhile, Fortunetown Properties Corp. will develop the 24-hectare domestic industrial park, which is due to begin commercial operations in June. This strategic move is expected to further decentralize economic activity outside the capital, fostering growth and development in the region.
The projects are also poised to tackle the Philippines’ growing housing backlog while creating business-ready spaces to support job growth and strengthen the domestic value chain.
Central Luzon’s economy has already shown impressive growth, outpacing the National Capital Region with a 4.46% increase, according to recent statistics.
