Kazuo Sato (left) senior consultant of Global Trade Venture Co. Ltd., watches as Rogelio Dizon of Angeles City signs the memorandum of understanding (MOU) in Clark Freeport over the weekend for a joint venture in the development of an Artificial Intelligence (AI) Industrial park in Camarines Sur. Also looking at right is Engr. Virginia Magante who facilitated the program. Photo by Ashley Manabat
CLARK FREEPORT – A memorandum of understanding (MOU) to establish the first Artificial Intelligence (AI) Industrial Park in the Philippines was signed here over the weekend.
Tokushima Auction Market which was represented by Global Trade Venture Co., Ltd. Group of Japan and a property owner from Angeles City of a 25,000-hectare land in Camarines Sur signed the MOU here October 10. The AI Industrial Park will be established with the cooperation of several countries.
The MOU signing was facilitated by senior consultant Kazuo Sato of the Global Trade Co. Ltd. Group at the Galbi Yechan Korean Restaurant here and witnessed by other aquamarine/agriculture farming proponents, a related project in the said industry.
DTI Japan, in collaboration with TAM /GTV, identified Bicol in the Philippines as a suitable location to establish an Industrial Corridor that will cater exclusively to the requirements of Advanced Technologies Japanese AI Industry through concession agreements.
The AI Industry is based on software research and development, and hardware implementation and testing. The AI Industrial Park will be able to create new Aqua-Agri robot systems and farming operations and management, manufacturing and development services of robots, industrial and automotive robotics systems.
As the automotive industry is now shifting from engine to electric systems, new components battery manufacturing, assembly and testing, digital high-speed ground and satellite IT network services for global connections are the target industry locators.
Similarly, global finance network service and high information security sectors are also the prospective proponents.
Strategic location for exclusive air-cargo hub center, with a 4-kilometer runway with complete facilities that will serve the logistics requirements of the Industrial Corridor will also be established.
One basic support facility, the Regional Medical Care Center (RMCC), whose Japanese officials were in virtual participation in the video conference signing, will be established to cater to the health care of not only the employees and their families, but the rest of the residents in the community.
Other infrastructure includes warehousing facilities, cold storage/processing rooms, power generation plants and components, office facilities, full-weather and 24-hour operation park management services, facility design and construction services, and special technology zone.
Concerned government agencies /bureaus/ offices will likewise be provided to regulate its activities.
The timeline for the construction of the Industrial Park is at 24 months and concession contract ranges for the duration of 25- year renewable for another 25 years.
This is a major component of the company’s approximately $7.5 billion concession projects mentioned on August 6, 2021’s virtual project presentations.
This Japanese Group’s projects have been envisioned to boost the Philippine economy, which has been recently devastated by the current pandemic.
