TARLAC CITY, Tarlac (October 26, 2024) — The Philippine Economic Zone Authority (PEZA) is optimistic about achieving its P200 billion investment approval target for 2024, with significant contributions from projects in Tarlac.
As of October 2024, PEZA has already secured P123.756 billion in approved investments. Recent approvals include several projects in Tarlac, such as expanding the Light Industry & Science Park IV – Special Economic Zone (LISP IV-SEZ) and establishing the Zen Industrial Pharma Ecozone in Barangay San Miguel here.
The LISP IV-SEZ expansion, spanning 30.8065 hectares in San Fernando and Luta Sur, Malvar, Batangas, will involve a P1.753 billion investment. This project is expected to create seven direct and 59 indirect jobs during land development.
In July, a 29.77-hectare property in Brgy. Baculong in Victoria town was proclaimed as a special economic zone by President Ferdinand Marcos Jr, thanks to the efforts of Governor Susan Yap and Second Congressional District Representative Christian Yap. The new economic zone will be the biggest in the country.
The Zen Industrial Pharma Ecozone, with a project cost of P81.633 million, will generate 34 direct jobs and employ 27 laborers.
PEZA is home to 19 companies located in Tarlac.
These Tarlac-based projects highlight the province’s growing importance as a key economic hub and its potential to attract further investments. PEZA’s streamlined processes and investor-friendly policies continue to drive growth and development in the region.
