As part of the continuous efforts of the Duterte administration in creating and providing job opportunities for Filipinos, President Rodrigo Duterte approved the establishment of an IT park in Davao City.
Dubbed as the Davao Park District, Duterte has signed the presidential proclamation last November 15.
Under the Proclamation 844, the president has designated the 30,602 square meters of land in San Antonio Village, Davao City for the soon-to-raise IT park or Special Economic Zone.
According to Republic Act 7916 or the Special Economic Zone Act of 1995, the Special economic zones are “selected areas with highly developed areas or which have the potential to be developed into agro-industrial, industrial tourist or recreational, commercial, banking, investment, and financial centers.”
Ecozones may also include industrial estates, export processing zones, free trade zones, and recreational centers.
With an approximate budget of P15 billion, property developer Megaworld will be developing the promising Davao Park District.
Megaworld envisions this project, its first prime township in Mindanao, to become “Davao City’s central business district and a major center for information technology and business process outsourcing in Mindanao.”
Duterte further signed two proclamations, expanding economic zones in Batangas and Misamis Oriental.
Proclamation 843, signed on November 15, allocated an extension of 427,209 square meters of land in the villages of San Fernando, Luta Norte, and Luta Sur in Malvar, Batangas for the Light Industry and Science Park IV Special Economic Zone.
Meanwhile, Proclamation 850 designates 76,489 square meters of land in Jasaan, Misamis Oriental as an extension of the Jasaan Misamis Oriental Ecozone. Duterte signed the proclamation last November 18.
—(Source: Philippine News Agency)