PEZA Director General Tereso O. Panga pointed this out during an investor briefing with Bases Conversion and Development Authority (BCDA) on May 14 to potential investors in New Clark City.
The briefing forms part of the continuing collaboration between PEZA and BCDA under a Memorandum of Agreement (MOA) that establishes a coordinated and seamless investment facilitation framework for New Clark City. The partnership combines BCDA’s expertise in master planning and infrastructure development with PEZA’s regulatory and investor acquisition and support capabilities to create a more efficient and investor-friendly ecosystem.
The event gathered government officials, industry leaders, and prospective investors to explore investment opportunities within New Clark City and learn more about the strengthened collaboration between PEZA and BCDA in promoting the smart city as a strategic hub for investments up north, especially within the LEC.
“The strong partnership between PEZA and BCDA reflects our shared commitment to making the Philippines a more competitive and investment-friendly destination. With New Clark City’s strategic location within the Luzon Economic Corridor, world-class infrastructure, and future-ready ecosystem, we are opening more opportunities for global investors seeking sustainable and high-growth locations in the region. The addition of New Clark City as a venue open for high value strategic investments is definitely a boon for both PEZA and BCDA in particular and the whole of Government as we generate more investments and employment for the country through the whole-of-government paradigm,” said DG Panga.
For BCDA President and Chief Executive Officer Engr. Joshua M. Bingcang, the collaboration will create a more seamless and end-to-end ecosystem for locators and potential investors in New Clark City by streamlining the process from site selection to operations.
“As a flagship development under the Luzon Economic Corridor, New Clark City is designed to become a future-ready hub for industries, innovation, and sustainable growth. Together with PEZA, we are committed to providing investors with world-class infrastructure, efficient government support, and a competitive ecosystem for business expansion,” Bingcang said.
Both officials highlighted that New Clark City’s strategic location serves as a key gateway for trade, investment, logistics, advanced manufacturing, and technology-driven industries in the region. With its direct access to major transportation networks, including the Clark International Airport, Subic Bay, and major expressways, New Clark City is poised to become a critical driver of economic growth and regional connectivity in Luzon. These advantages were also emphasized by Mr. Dennis Ibarra, CEO of existing NCC locator StB Giga Factory, Inc., the country’s first manufacturing plant of advanced lithium iron phosphate batteries.
Moreover, the PEZA Management Committee, together with BCDA, locators, and prospective investors, conducted a strategic tour of Hann Reserve and Vista Country Club within New Clark City, highlighting the city’s readiness to host world-class investments, sustainable mixed-use developments, luxury tourism estates, and future-ready business communities. The visit underscored New Clark City’s strong potential as an emerging hub for globally competitive industries, supported by modern infrastructure, strategic connectivity, and a smart, resilient, and investor-ready environment.
PEZA and BCDA reaffirmed their shared commitment to ensuring efficient, transparent, and investor friendly services that will further strengthen New Clark City’s position as a premier hub for business, innovation, and sustainable development in the Philippines.
