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The Subic-Clark Alliance for Development and CBRE GWS IFM Philippines Corp. are collaborating for an industrial supply chain study for locators in the Subic-Clark Corridor
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The partnership aims to develop a data-driven supply chain analysis to support future investments
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Central Luzon contributes 9% to the national GDP and is an emerging hub for logistics, agriculture, and industrial growth
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Major infrastructure drivers include New Clark City, Clark International Airport expansion, and the broader Luzon Economic Corridor initiative
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The Luzon Economic Corridor presents investment opportunities in manufacturing, real estate and infrastructure, agribusiness, and tourism
The Subic-Clark Alliance for Development (SCAD) and CBRE GWS IFM Philippines Corp. have entered into a memorandum of understanding (MOU) to jointly develop an industrial supply chain study for locators within the Subic-Clark Corridor.
The agreement between SCAD, a government policy-recommending body, and CBRE Philippines, a commercial real estate services and investment firm, was formalized during a signing ceremony at One West in the Clark Freeport Zone.
It was signed by SCAD executive director Atty. Amee Fabros and CBRE country head Jie Espinosa. Also present were CBRE head of consulting and research Samantha Laureola and CBRE director for industrial and logistics Michael Glindro.
Both organizations said the collaboration aims to produce a data-driven analysis that will support long-term planning, investment attraction, and the overall competitiveness of the Subic-Clark Corridor as a logistics and industrial hub.
The collaboration will provide “clearer insights, better strategies, and stronger foundations for future investments and development,” SCAD said.
The initiative comes as the Central Luzon region continues to emerge as a growth center, contributing about 9% to the national GDP.
With the Clark Freeport and Special Economic Zone, the region is attracting both local and foreign investors. Infrastructure projects such as New Clark City and the expansion of Clark International Airport are expected to further boost prospects.
READ: CIAC new investments more than double in first seven months
The Luzon Economic Corridor (LEC), a trilateral development initiative of the Philippines, the United States, and Japan under the G7 Partnership for Global Infrastructure and Investment, is expanding with support from additional partners.
Sweden recently extended a 12 million Swedish krona (around P74 million) grant for the flagship Subic-Clark-Manila-Batangas (SCMB) railway project, a 250-kilometer freight line connecting Subic Port, Clark International Airport, the Port of Manila, and the Port of Batangas. The grant complements funding from the US Trade and Development Agency for the project’s feasibility study.
The LEC offers wide-ranging investment opportunities, including manufacturing in electronics, automotive, and food processing; real estate and infrastructure development; agribusiness ventures; and tourism projects, particularly eco-tourism and heritage tourism.
Two of the world’s largest air freight companies are expanding operations in Clark, underscoring the area’s growing role as a logistics hub.
United Parcel Service (UPS) is constructing expanded facilities at the Clark Aviation Complex, while Federal Express (FedEx), which returned to the Philippines in 2021, is positioning Clark as its newest hub in Asia.
To accommodate the expected increase in aircraft traffic, the Bases Conversion and Development Authority (BCDA) is fast-tracking infrastructure upgrades at Clark International Airport. These include the construction of a second runway, an apron capable of handling 18 aircraft simultaneously, and the completion of a 54-meter-tall air traffic control tower.
In Subic Bay, American private equity firm Cerberus Capital Management invested US$300 million in 2022 to acquire the shipyard facility. The company has since committed an additional US$250 million to upgrade the shipyard, develop energy projects, and support transport initiatives.
Complementing these efforts, Korean shipbuilder HD Hyundai Heavy Industries has revived the shipyard in Subic, with a formal inauguration ceremony held in September this year that marked the start of production for the first of a four-vessel order placed by an Asia-based shipping company in December.
