6 August 2020, Agana, GU - Less than an hour’s drive from Manila and just a few minutes’ drive from Clark International Airport, lies the expansive and fast-emerging investment destination: New Clark City, or NCC.
Located within the Clark Special Economic Zone, NCC is government land owned by the Bases Conversion and Development Authority (BCDA), and it is poised to become Asia's next premier investment, lifestyle, and outdoor destination. Planned and designed as a smart, sustainable and disaster-resilient metropolis for 1.2 million residents with facilities for government, sports and recreation, mixed-use areas, and educational institutions, the NCC might just be the investment opportunity that you are waiting for as you survey the post-pandemic economic landscape.
Likewise targeted as an innovation and industrial corridor to accommodate activities for light manufacturing, logistics, storage, cold storage, warehousing, and food processing, New Clark City offers a vast portfolio of investment areas to explore. Other investment opportunities in NCC are for a high capacity mass transport system, utilities development (especially in ICT and telecommunications), and operations and maintenance services.
Various incentives are available for investor locators, depending on whether the investment is PEZA-registered or BOI-registered, including income tax holidays, tax and duty-free exemption or tax credit on raw materials and equipment, and zero VAT on local purchases, among other perks.
NCC welcomes investors looking for a dynamic growth space for business operations, especially those involved in the following areas of investment:
- Light Industry
- Research and Development and
- Mixed-use Residential
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