CDC officials led by Pres. & CEO Atty. Arthur P. Tugade and Capilion Corp. Pte. Ltd. executives headed by Pres. & CEO Peter YB Tay hold ground breaking ceremony on Thursday for Clark Green Frontier project at the Freeport. Photo courtesy of CDC-EAD
CLARK FREEPORT – A Singaporean firm has moved into this freeport with a promise to invest P7 billion and create 20,000 jobs for local folk once its three-hectare investment here goes fullblast.
Clark insiders say it is the “biggest investment per square meter ever” at the Freeport. Capilion Corp. Pte. Ltd (Capilion) said it is establishing here the Clark Green Frontier, a mixeduse facility for for work, entertainment and leisure .
The work side of the hub would be mostly for the Busi-ness Process Outsourcing (BPO) industry, but would also accommodate commercial and retail enterprises. “Clark Green Frontier is a landmark devel-opment for Clark.
It will function as a work, entertainment, and leisure hub enhancing further Clark’s reputation as a progressive and exciting destination,” Capilion President-CEO Peter Tay said during Thursday’s ground-breaking rites.
Tay said the P7 billion worth, three-hectare mixed-used facility will be developed in three phases. The initial phase, whose development starts in the middle of this year, would consist of 33,000 square meters of office space for BPOs and around 150 commercial and retail shops.
The state-owned Clark Development Corp. (CDC) which manages this freeport said Capilion Group of Companies has businesses in private equity, corporate services, real estate, financial securities, ship ownership, shipping and shipbuilding, infrastructure development and clean and renewable energy projects. The group has various stakes in countries such as Indonesia, China, Kyrgyzstan, and India, the CDC added.
