Saturday, August 2, 2025

CIAC draws over P1-B in investments in 6 months

Clark International Airport Corporation (CIAC) has attracted over PhpP1-billion (USD17.1 million ) in new investments since its January 2025 rebranding from an airport operator to one of the country’s foremost developer of an aviation-centric business capital.

CIAC President Jojit Alcazar said the agency drew a total of Php1,192,970,000.00 from approved deals between January and July 2025 which more than doubled investment inflow during the same period last year.

 

He added the newly-infused investments will boost Clark’s upward momentum in tourism, commerce, and infrastructure which aligns well with President Ferdinand Marcos Jr.’s call to get much-needed investments into the Philippines to support job generation and economic growth.

 

“Since the CIAC’s rebranding, Clark Aviation Capital has continued to be a draw for both foreign and Philippines-based companies needing prime location in proximity to the Clark International Airport,” Alcazar noted.

 

Alcazar emphasized the rebranding positioned CIAC as a leading aviation and land development arm of the Bases Conversion and Development Authority (BCDA) which signaled a shift from airport operations to a broader scope in infrastructure development.

 

“These new investments translate to direct job generation, a robust ecosystem of aviation, logistics, commerce, and manufacturing, and increased investor confidence in CIAC,” Alcazar said.

 

On top of the list of new deals is Stellavia Development Corporation (SDC), a Korean-owned construction and management company that currently operates The Glory Hotel and Residences in Clark, which committed Php600 million for the improvement of its mixed-use recreational complex.

 

Global Square Plaza Phils., Corp. (GSPPC) committed Php400 million in capital outlay for the development of a multi-use facility with a storage warehouse, drone training school, and recreation facilities which will generate more than 100 jobs in its first year of operation.

 

“Stellavia’s and GSPPC’s high-value projects are designed to enhance land value and transform the area into a vibrant leisure destination and stimulate local economic activity through job creation and increased visitor traffic,” Alcazar said.

 

France-based All Fashion Gloves, Inc. (AFGI), a pioneer locator of CIAC and engaged in the manufacturing and export of premium leather goods exported from Clark to leading global fashion brands, will reinfuse Php18.27 million for the construction of new manufacturing facilities.

 

Alcazar noted the new deals will positively impact the job generation goals of the free port zone with the hiring of more than 700 employees combined and additional employment opportunities through support industries, contractors, and service providers.

 

UET International Corp. and UET Box Manufacturing Corp. reinvested a combined total of Php169.7 million in producing high-quality knitted products and custom shipping boxes, while fixed-base operator and ground handling service provider Skytrack Aviation Services has an investment of Php5 million to locate its office in Clark.

 

“These firms see the strategic value of investing at the Clark Aviation Capital which continues to be recognized as a hub for innovation, opportunity, and sustainable development,” Alcazar said.

 

Managed by CIAC, the Clark Aviation Capital is home to Clark International Airport, the mixed-use business hub Clark Global City, and over 60 locators spanning aviation, logistics, commercial, industrial, and manufacturing sectors.

 

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