The construction of an industrial park in the Philippines' Pampanga province that will cater to Chinese companies could begin in 2019, BusinessWorld (Manila) reported, citing Vivencio Dizon, president and CEO of the country's Bases Conversion and Development Authority.
Dizon was quoted in the Sept. 3 report as telling an Aug. 30 press conference that the signing of the deal for the New Clark City industrial park is expected by November when Chinese President Xi Jinping is scheduled to visit the Philippines. According to the government official, the inking of the deal will be followed with the creation of a master plan for the development, which could take another six months.
The industrial park that could span between 300 hectares and 500 hectares is planned to house medium and light industries including car assembly plants, robotic assembly lines, semiconductor processing factories, laboratories and training facilities.
The planned development extends from the memorandum of agreement signed between the Philippines and China in November 2016 and will be one of several industrial park projects that China agreed to develop in the Philippines to house Chinese companies' operations there, the paper added.