HERMOSA, Bataan – Local officials in this industrial town are preparing for the full industrialization of the Hermosa Economic Zone as more investors are bent on investing more in Central Luzon, the fastest growing economic region in the country.
Mayor Jopet Inton said they are now preparing to accommodate the expected arrival of foreign investors, particularly from Middle East countries, to pour in their investment for food production here.
“At present, Region 3 is growing at 9 percent, which is 2 percent above the national average Gross Domestic Product (GDP) growth that is 7 percent,” Bases Conversion and Development Authority (BCDA) President and Chief Executive Officer Vivencio Dizon disclosed during the recent third leg of the Clark Development Stakeholders’ Roadshow.
“These investors coming from Japan, China and even the European Union, are very enthusiastic in coming to these areas because they see that the government is ready to allot funding for the various interconnectivity infrastructure, which are needed by the business folk for their investments to flourish,” explained Dizon.
Clark is just 25 minutes away from Hermosa by car while Hermosa to Subic takes about just 10 to 12 minutes. SBMA has programmed Hermosa as part of its expansion program to accommodate more investors.