21-B Rufino Pacific Tower, 6784
Ayala Avenue cor. Rufino St.,
Makati, Metro-Manila, Philippines
Philippines Clark Freeport Zone
Clark Freeport Zone is a former US military base located on the island of Luzon, about a 2 hour drive from Manila. The zone's modern infrastructure facilities, generous fiscal and non-fiscal incentives, professional support services, amenities, and other advantages make it an ideal place for investment. The Master Plan for the 4,400-hectare main zone and 27,600-hectare sub zone is intended to transform the zone into an airport-driven urban center perfect for the requirements of high-end IT enabled industries, aviation and logistics related enterprises, tourism and other sectors. Some of the advantages are:
- Access to Clark's 2,500-hectare modern aviation complex designated as the country's future premier gateway site
- Modern telecommunications facilities, power and water supply, waste management, vast road network and other infrastructures
- Waiver of local and national taxes, provision for 100% foreign equity on most industries, duty free status and other fiscal and non-fiscal incentives
- Ready access to a pool of highly trainable and English proficient skilled labor
- Competitive lease rates applicable for industrial, ICT, commercial and tourism industries: on structures starts at US $ 0.50 per square meter per month (depending on condition of the structure) and land/open spaces starts at 0.10 per square meter per month (depending on location), available for short, medium and long term lease period Escalation: Fixed for the first three (3) years with ten percent (10%) compounded increase starting on the fourth year and every three (3) years thereafter.
- Access to several Industrial and Technology Parks located right within the zone
Clark's land inventory is vast, and prime locations for various uses are still available. The adopted Master Plan serves guides the balanced development of areas considered ideal for high-end industrial and IT enabled industries and tourism investment including the creation of retirement villages and medical tourism facilities, aviation and logistics related enterprises, and commercial activities aligned with the Central Business District concept. Site profiles and business plans for these areas are regularly updated and reviewed; all to aide investors fast-tracked the whole investment process.
As a prelude to the priority plan of electronic monitoring of the movement of goods and services in and out of the zone, CDC has set in place a Local Area Network (LAN) with a multi-mode fiber optic backbone and a electronic monitoring system currently pilot-tested. Plans for further improvements are now being readied to attract more local and foreign investment.
More than 700 local and foreign business projects have chosen to locate inside the Clark Freeport Zone since 1993. A good number of American, Japanese, Taiwanese and other foreign firm locators including United Parcel Service, Sumidenso, Rolls-Royce, Yokohama, L & T Intl Group Philippines, Inc., Cyber City Teleservices are finding the advantage that is Clark Freeport Zone.
Contact Kittelson & Carpo Consulting