NEWS AROUND SUBIC BAY

Asian investors eye ventures in Subic

Posted 6 years ago

SUBIC BAY FREEPORT: An investment and development group based here recently hosted some 150 investors from different countries in Asia to explore investment opportunities and be part of this rapidly growing economic and investment hub.

BY PATRICK ROXAS


Asian investors eye ventures in Subic
WAY TO GO Samuel Lim (4th from left), Sinosun Subic Bay Holdings Corp. chairman; Olongapo City Mayor Rolen Paulino (5th from left); Subic Bay Metropolitan Authority Senior Deputy Administrator Stefani Saño (6th from left); and other partners of Sinosun are shown during the Subic Bay Development and Investment Conference held recently at the Subic Bay Freeport. PHOTO BY PATRICK ROXAS

Samuel Lim, group chairman of Sinosun Subic Bay Holdings Corp.; Stefani Saño, senior deputy administrator of the Subic Bay Metropolitan Authority (SBMA); and Olongapo City Mayor Rolen Paulino welcomed the investors from China, Singapore, Malaysia, Thailand and other countries who attended the Subic Bay Development and Investment Conference on Tuesday.

Lim told The Manila Times that the objective of the conference is to bring global investments to the Philippines and that Sinosun and its partners chose Subic Bay because “it is a Freeport and a special economic zone and the most successful military base conversion.”

Sinosun, according to its website, plans to transform Subic Bay into a sustainable and well-rounded green, safe and smart city where there will be a balance between modernization and conservation of not only the environment but also its rich arts and culture.

It will showcase Subic Bay as a model city for development that can be replicated and applied to other regions of the Philippines targeting significant long-term growth in promoting infrastructural and economic development.

Lim said Sinosun and its partners, which include China State Construction, China Railway Construction, China Engineering Corp. China Hualu Group and China Overseas Holdings Group, as well as those involved in communication satellites, communication solutions and aerospace, are committed to employment creation in Subic Bay and beyond.

He also told visiting business delegations that Subic Bay is a separate territory within the Philippines where there is a free flow of goods and services.

Sinosun’s plans involve the development of an industrial zone, a Subic Bay multi-functional transshipment port, a logistics center, a wind farm, a hydroelectric power plant, a photovoltaic power station, coastal resorts and a five-star hotel and casino, all in the Redondo Peninsula.

In the existing central business district, Lim said there is also a plan to develop a ferry and cruise ship terminal, Subic Bay villas and resorts and a financial technology institute.

In the city of Olongapo, the group also plans to develop the Olongapo City Public Market and the Kalaklan Ridge.

source: manilatimes.net

Loading Comment

Asian investors eye ventures in Subic

Posted 6 years ago

Gordon College claims the Championship in the 2018 ICDL Digital Challenge National Finals

Posted 6 years ago

Subic hosts Bike King TRI 2 on July 1

Posted 6 years ago

Grab eyeing Subic Freeport franchise

Posted 6 years ago

Bataan’s 98 barangays identified as flood-prone areas — PNP

Posted 6 years ago

Youth Month to focus on health, social issues

Tags: |

Posted 6 years ago

 
Share