Newly proclaimed ecozone in Iloilo City amounts to P193M

The newly proclaimed special economic zone in Iloilo City has an initial investment of P193 million, according to the Philippine Economic Zone Authority (PEZA).

Proclamation 668 designated the 2,000 square meter land as the Grid IT Center in Barangay San Rafael, Mandurriao district.

Signed by Executive Secretary Lucas Bersamin, President Bongbong Marcos issued the proclamation last Aug. 27.

“The new ecozone already expects three companies engaged in the IT-business process management sector to locate, with an estimated P10 million to be invested and 250 workers to be employed,” PEZA said in a statement.

The IT center at Donato Pison was completed in 2019.

“In collaboration with other government agencies and industry partners, PEZA furthers its commitment in eco-zoning the Philippines towards inclusive and sustainable development,” said PEZA director general Tereso O. Panga.IMT