PEZA OKs 12 projects worth P2.21B in January

THE Philippine Economic Zone Authority (PEZA) approved P2.21 billion worth of new and expansion projects in the first month of 2024.

PEZA said the 12 projects it green-lit would generate $69.62 million worth of exports and 1,337 direct jobs.

Broken down, the 12 projects were composed of seven ecozone export enterprises, four information technology enterprises, and one facilities enterprise.

“We are proud to have closed more than P2 billion worth of investments in the first month of 2024, and confident of securing more investments which are already in PEZA’s pipeline and waiting for approval in the coming months,” said PEZA director general Tereso Panga.

The investment promotion agency said the projects would be located in the following ecozones:

* Cavite Economic Zone (CEZ)

* Cavite Technopark-Special Economic Zone (SEZ)

* Laguna Technopark

* Lima Technology Center-SEZ

* Carmelray Industrial Park II-SEZ

* Laguna Technopark Annex-SEZ

* First Philippine Industrial Park

* Giga Tower Bridgetowne IT Park in Quezon City

* Southwoods Mall in Laguna City

* Panorama Tower in Bonifacio Global City

* Jazz IT Center in Makati City

The approved investments were presented during PEZA’s first board meeting in Baguio City from Jan. 25 to 27. (GMA Integrated News)