The Philippine Economic Zone Authority (PEZA), the Philippines’ major investment promotion agency, will lead an investment forum in Tokyo in a bid to attract more investments from Japan. Moreover, the one-day forum will also tackle initiatives being taken to make some of the country’s industrial parks smarter and more sustainable.
PEZA has partnered with Aboitiz InfraCapital, the infrastructure arm of the Aboitiz Group and developer of industrial estates, in guiding prospective Japanese investors on the incentives, benefits, and perks that await them in the Philippines.
PEZA and Aboitiz InfraCapital will hold the Roundtable Discussion with PEZA and Aboitiz InfraCapital: Make it Happen in the Philippines on November 17 at Sirius Garden Court in Hotel New Otani in Tokyo, Japan. Advance registration is available at this link.
Tereso Panga, PEZA OIC Director General and Deputy Director General for Policy and Planning said the event aims to tap more investors from Japan to locate and invest in the Philippines. Primarily, the event aims to nurture and solidify further the economic relations between the Philippines and Japan.
Japan has always been a major trading partner of the Philippines being one of the largest sources of investment. In addition, the country is also a top contributor to official development assistance to the Philippines.
In 2021, PEZA-registered Japanese enterprises generated approximately Php727.679 billion (US$12.72 trillion) investments and employed over 350,000 employees. Likewise, it contributed more than US$11 billion in exports.
Philippine officials led by PEZA’s Panga will highlight the advantages of locating in the Philippines while Rafael Fernandez de Mesa, First Vice President at Aboitiz InfraCapital will speak on how they enable next-generation smart and sustainable industrial estates.
Aboitiz InfraCapital owns major industrial estates located in the Philippine province of Batangas and Cebu.
Particularly, the LIMA Estate in Batangas, about 80km south of Manila, is a 700-hectare PEZA – registered economic zone with 50,000 employees. Meanwhile, in Cebu, the company oversees West Cebu Estate (WCE), a 540-hectare mixed-use development in Balamban, and and the 63-hectare Mactan Economic Zone 2 (MEZ 2) in Mactan.