Aboitiz InfraCapital (AIC) has teamed up with the national government representing the Philippine business sector to attract Korean investors at the recently-concluded Philippine-Korea Investment Forum.
Over 80 business leaders from various manufacturing companies across Korea joined the forum, with AIC–represented by its President and CEO Cosette Canilao and First Vice President Rafael Fernandez de Mesa–locking in discussions and negotiations with Korean investors who are looking at expanding operations at AIC’s Economic Estates in Batangas and Cebu.
The Philippine Embassy in South Korea, Philippine Economic Zone Authority (PEZA), Department of Trade and Industry (DTI), Board of Investments (BOI), and Philippine Trade and Investment Center (PTIC)-Seoul organized the said gathering to guide prospective Korean and global investors on the incentives, benefits, and perks they can enjoy should they choose the Philippines as their next investment destination.
DTI Undersecretary Ceferino Rodolfo tackled the Philippine Investment Climate, specifically the country’s game-changing laws and incentives stipulated by the CREATE Law, while the BOI touched on the number of investment opportunities in the country. PEZA relayed to the Korean business delegation the process of setting up operations in the Philippines.
Meanwhile, Aboitiz InfraCapital, a leader in industrial estate development in the Philippines, showcased the pioneering smart city and sustainability initiatives that the company has incorporated and continues to build upon at its Economic Estates in Batangas and Cebu.
In addition, Fernandez de Mesa highlighted the 240 hectares of ongoing expansions at LIMA Estate in Lipa-Malvar Batangas and West Cebu Estate in Balamban, Cebu, which sparked interest among the investors in attendance. The expansions position AIC’s Economic Estates to capitalize on the demand from Korean manufacturers looking to invest in the Philippines, and are expected to stimulate economic activity by generating up to 90,000 jobs.
At present, AIC has established a track record of promoting the Philippines as an investment hub. Its partnership with PEZA and DTI has promoted the development of economic zones to accommodate foreign investments in the Philippines.
The company currently has three decades of experience in delivering innovative concepts through its mixed-use estates complemented by a mix of commercial, residential, and institutional uses.
Aside from local and global accolades it received, AIC’s LIMA Estate was also awarded a 5-Star BERDE District Certification and the Leadership in Sustainable Design and Performance Award from Philippine Green Building Council for its efforts in pushing forward sustainability across its developments.
The company said these recognitions are not only a testament to the Philippines being an attractive destination for foreign investment, but it also shows Aboitiz InfraCapital’s expertise in developing and operating sustainable industrial estates that are at par with the highest global standards.
Image credits: Contributed photo