More special economic zones in Bataan mulled

More special economic zones in Bataan mulled

More special economic zones in Bataan mulled

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BALANGA CITY, Bataan – Representative Jose Enrique S. Garcia lll has revealed the creation of more special economic zones under the tutelage of the Freeport Area of Bataan (FAB) will hasten the socio-economic growth of one of the leading investment havens in Central Luzon.
Speaking before some 3,000 members of Kabalikat and barangay officials of this City during the observance of Congressional Day affair held at Bataan Vista Mall the other day, Rep. Garcia said the expansion of special ecozones would generate employment opportunities and continue the favorable economic outlook of the province.
Recognizing the great economic prospects, locators have been unceasingly pursuing scholarly evaluations of the appropriate corporate spots to further widen their control in the local and export market.
Several landowners and local entrepreneurs are reportedly negotiating with the FAB authorities for the conversion of their properties in Mariveles,Orion and Hermosa towns and Balanga City into special economic zones.
Investment opportunities from homegrown and foreign concepts help sustain efforts in raising the business competitiveness while expanding its footprint in the province’s healthy business atmosphere.
According to Rep.Garcia , Bataan, one of the most progressive provinces in Central Luzon and Manila Bay region plays a significant role in the Region 3 “W” growth corridor because it is strategically located right in the middle of the country’s growth triad corridor of Subic Bay Metropolitan Authority (SBMA), Clark Special Economic Zone and Metro Manila.

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