It has been recently reported that several companies from Australia are exploring investing in Clark’s civil aviation complex in the Philippines.
According to representatives from the state-led Clark International Airport Corp. (CIAC), the entity that manages the 2,367-hectare Clark Civil Aviation Complex, the interested Australian companies specialize in business process outsourcing, renewable energy projects, agriculture and food security, infrastructure development, digital innovation, and electric vehicle manufacturing.
Clark is seen as a compelling investment option for Australian companies due to its international airport, aviation complex, and business-friendly and disaster-resilient environment.
According to CIAC, close to 600 hectares of prime real estate under its management are available for lease, and can be used for mixed-use commercial use, logistics, and transport hubs, service industries for airlines, manufacturing, information and technology, as well as for other non-aviation-related industries.
A team from CIAC recently joined a Philippine delegation in a series of meetings held in Sydney, and Brisbane. The business mission was led by Bases Conversion and Development Authority (BCDA) Chairman Delfin N. Lorenzana.
Official statistics reveal that Australia ranked as the Philippines’ 14th major trading partner, 18th export market, and 12th import supplier in 2022.
(Source: BusinessWorld Online)