COURTESY: Aboitiz InfraCapital (AIC)Seoul, South Korea—In a bid to boost the Philippines' stature as a prime investment destination, Aboitiz InfraCapital (AIC) recently joined forces with the Philippine government to woo Korean investors. This collaboration unfolded at the Philippine-Korea Investment Forum, where over 80 business leaders from diverse manufacturing sectors gathered. The focus was clear: positioning the Philippines as a lucrative locale for Korean enterprises.
AIC, led by President and CEO Cossette Canilao and First Vice President Rafael Fernandez de Mesa, engaged in dynamic discussions with Korean investors. Their goal? To spotlight the opportunities within AIC’s Economic Estates in Batangas and Cebu. These areas are not just scenic spots but burgeoning hubs for industrial growth and innovation.
In the forum, the Philippine Embassy, along with key economic agencies like PEZA, DTI, and BOI, outlined the myriad advantages awaiting Korean investors. DTI Undersecretary Ceferino Rodolfo delved into the transformative CREATE Law, emphasizing the enticing incentives for foreign businesses. Meanwhile, BOI highlighted a wealth of investment opportunities, painting a picture of a vibrant economic landscape.
PEZA provided a roadmap for setting up operations, simplifying the process for potential investors. Aboitiz InfraCapital showcased its pioneering efforts in smart city development and sustainability initiatives, making a compelling case for its Economic Estates. The expansions in LIMA Estate and West Cebu Estate are set to generate an impressive 90,000 jobs, a testament to the Philippines’ economic dynamism.
Aboitiz InfraCapital has a legacy of promoting the Philippines as an investment hub. Their strategic partnerships with PEZA and DTI have fostered the growth of economic zones tailored to accommodate foreign investments. With a track record spanning three decades, AIC has consistently delivered innovative mixed-use estates that integrate commercial, residential, and institutional elements seamlessly.
AIC’s LIMA Estate has garnered accolades, including a 5-Star BERDE District Certification, underscoring their commitment to sustainability. These recognitions are not just feathers in AIC’s cap but a reflection of the Philippines' potential as a foreign investment haven. By marrying sustainability with economic growth, AIC is setting global standards for industrial estate development.
The Philippines is already home to 251 Korean companies, involved in industries ranging from communication equipment to apparel. These companies have collectively invested billions, generating substantial exports and creating thousands of jobs. This robust partnership speaks volumes about the mutual benefits of Korean investments in the Philippines.
PEZA's OIC, Aleem Siddiqui M. Guiapal, emphasized that the current administration is keen on fostering this relationship. By expanding economic zones beyond Metro Manila, the Philippines is offering a strategic advantage to foreign investors. The ease of doing business, coupled with fiscal incentives, makes the Philippines a standout destination in Southeast Asia.
AIC's President, Cossette Canilao, extended an open invitation to the Korean business community. She highlighted the supportive ecosystem crafted by the national government and urged Korean enterprises to explore the vibrant landscapes of AIC’s Economic Estates. With plans to introduce new product lines and smart city features, AIC is poised for even greater growth.
The Economic Estates are not just industrial zones; they are thriving communities where businesses can flourish. With light to medium manufacturing, industrial logistics, and shipbuilding at its core, AIC’s estates are shaping the future of industry in the Philippines. By continuing to innovate and expand, AIC is not just attracting investments but transforming lives and landscapes.
In closing, Canilao emphasized the mutual growth potential, inviting Korean investors to make the Philippines their second home. With such promising developments, the partnership between Korea and the Philippines is set to reach new heights, unlocking a world of opportunities for both nations.
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