CLARK International Airport Corp. (CIAC) recorded over P1 billion in new and approved investments from January to July, following its launch of the air travel-business hub Clark Aviation Capital.
The funds will further boost the development of its logistics, tourism, commerce and infrastructure facilities, CIAC President Jojit Alcazar said in a statement.
“Clark Aviation Capital has continued [drawing] both foreign and Philippines-based companies needing prime location in proximity to the Clark International Airport,” Alcazar noted.
Among the international locators is Stellavia Development Corp., a Korean-owned construction and management firm, which is pouring in P600 million to expand The Glory Hotel and Residences with a new cascade, access road, cafeteria and parking area.
France-based All Fashion Gloves Inc. (AFGI) will add 18.27 million for new manufacturing facilities. AFGI produces high-quality leather goods that are exported to global fashion brands.
UET International Corp. and UET Box Manufacturing Corp. are investing P169.7 million to make knitted products and custom shipping boxes, while fixed-base operator and ground handling service provider Skytrack Aviation Services has infused P5 million to hold office in Clark.
Local company Global Square Plaza Philippines Corp. has allocated P400 million in capital for a multiuse facility with a storage warehouse, drone training school and recreation facilities which will create 100 jobs in its first year of operation.
CIAC manages Clark Aviation Capital, which is home to Clark International Airport, the mixed-use business hub Clark Global City, and over 60 locators across the aviation, logistics, commercial, industrial and manufacturing sectors.