09
Jan
Jan
Investments in Bataan Freeport grow four-fold to P2.1 billion
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1Bataan Team / 12 years
- 0
- 2 min read
Foreign direct investments into the Freeport Area of Bataan (FAB) has grown four folds to P2.1 billion in 2013 from only P390.6 million in 2012, making it the new freeport of choice among expanding foreign companies and the fastest growing economic zone in the country.
Based on its report, the Authority of the Freeport Area of Bataan (AFAB) has only attracted a measly P86 million in FDIs in 2011. More investments are expected this year, AFAB said in its report.
With a robust 437.6 percent increase in FDI inflow, the Freeport now provides employment to 16,724 people once the 46 locators have gone into full commercial operations. Last year, the Freeport tallied 14,315 jobs and 12,010 in 2011. In terms of nationalities, there are 51 foreign investors led by Japanese, Chinese and Koreans.
