Laguna Technopark expands with new site, leasing facilities
Asian investors are taking a closer look at the Philippines as an attractive location for their companies' growth plans. With net foreign direct investments surging 64 per cent to reach US$5.32 billion in the first 10 months of last year, the developing nation is pulling ahead in terms of economic growth and attracting booming industries.
The entry of new locators and the expansion of existing players in industrial zones such as Laguna Technopark have also boosted interest from small and medium enterprises (SMEs) looking to settle in highly competitive business environments.
"This is the best time to invest in the Philippines," says Maria Rowena Tomeldan, president of Laguna Technopark. "Positive economic conditions, coupled with a very competitive labour force, are fuelling the growth of the industrial sector."
As one of the first and largest privately owned industrial estates in the Philippines, Laguna Technopark continues to expand. It will launch a new special economic zone this year within the Cavite, Laguna, Batangas, Rizal and Quezon (CALABARZON) region - a leading growth area south of Metro Manila that is strategically located near international airports, seaports and the Makati business district.
The new industrial site will offer standard factory buildings with ready-to-use production facilities for lease to SMEs and investors looking to immediately start business operations. Similar to Laguna Technopark, the site will also be part of a master-planned community equipped with highway-grade road infrastructure, water and digital telecommunications facilities.
Home to the world's top manufacturers from the electronics, automotive and pharmaceutical sectors, Laguna Technopark anticipates trends to capture emerging international market movers. It marks its 25th anniversary by continually showcasing its unrivalled management experience and high-level service.
A frontrunner in the development of industrial zones, Laguna Technopark is a joint venture between Ayala Land, the Philippines' premier property developer, and Mitsubishi Corp, a leading Japanese general trading company.
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