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Clark International Airport Corp.’s new investments more than doubled to over P1.193 billion in the first seven months of the year from the same period last year
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CIAC said since it rebranded 2,367 hectares of prime government-owned around Clark International Airport to Clark Aviation Capital, it has continued to be a draw for both foreign and Philippines-based companies
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CIAC president Joseph Alcazar said the newly-infused investments will boost Clark’s upward momentum in tourism, commerce, and infrastructure
Clark International Airport Corp.’s (CIAC) new investments more than doubled to over P1.193 billion ($17.1 billion) in the first seven months of the year from the same period last year.
CIAC president Joseph Alcazar said the newly-infused investments will boost Clark’s upward momentum in tourism, commerce, and infrastructure, which aligns with President Ferdinand Marcos Jr.’s call to get much-needed investments into the Philippines to support job generation and economic growth.
“Since the CIAC’s rebranding, Clark Aviation Capital has continued to be a draw for both foreign and Philippines-based companies needing prime location in proximity to the Clark International Airport (CRK),” said Alcazar.
CIAC in September last year officially launched Clark Aviation Capital, which transforms some 2,367 hectares of prime government-owned land around CRK into a dedicated aviation-focused business hub.
Alcazar emphasized the rebranding positioned CIAC as a leading aviation and land development arm of the Bases Conversion and Development Authority (BCDA), signaling a shift from airport operations to a broader scope in infrastructure development. CIAC is a subsidiary of BCDA and serves as the primary aviation and land development arm of the agency. Since the privatization of CRK, it no longer operates the Clark airport but still exercises oversight functions over CRK.
“These new investments translate to direct job generation, a robust ecosystem of aviation, logistics, commerce, and manufacturing, and increased investor confidence in CIAC,” Alcazar said.
On top of the list of new deals is Stellavia Development Corp., a Korean-owned construction and management company that currently operates The Glory Hotel and Residences in Clark, which committed P600 million for the improvement of its mixed-use recreational complex.
Global Square Plaza Phils., Corp. (GSPPC) committed P400 million in capital outlay for the development of a multi-use facility with a storage warehouse, drone training school, and recreation facilities which will generate more than 100 jobs in its first year of operation.
“Stellavia’s and GSPPC’s high-value projects are designed to enhance land value and transform the area into a vibrant leisure destination and stimulate local economic activity through job creation and increased visitor traffic,” Alcazar said.
France-based All Fashion Gloves, Inc., a pioneer locator of CIAC and engaged in the manufacturing and export of premium leather goods exported from Clark to leading global fashion brands, will reinfuse P18.27 million for the construction of new manufacturing facilities.
Alcazar noted the new deals will positively impact the job generation goals of the freeport zone with the hiring of more than 700 workers combined and additional employment opportunities through support industries, contractors, and service providers.
UET International Corp. and UET Box Manufacturing Corp. reinvested a combined total of P169.7 million in producing high-quality knitted products and custom shipping boxes, while fixed-base operator and ground handling service provider Skytrack Aviation Services has an investment of P5 million to locate its office in Clark.
“These firms see the strategic value of investing at the Clark Aviation Capital which continues to be recognized as a hub for innovation, opportunity, and sustainable development,” Alcazar said.
