The state-owned Bases Conversion and Development Authority (BCDA) is launching phase one of Clark Green City in Pampanga province, north of Manila, and will auction off 1,300 hectares of the project’s total 9,450 hectares to local and foreign investors for lease and development.
Clark Green City, a designated special economic zone, provides an opportunity for 100-percent foreign owned companies to invest in urban development in the Philippines, which is expected to help accelerate foreign direct investment in the country.
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