The time & date in Clark, Philippines is

Philippines Clark Freeport Zone

Clark Freeport Zone is a former US military base located on the island of Luzon, about a 2 hour drive from Manila.ย  The zoneโ€™s modern infrastructure facilities, generous fiscal and non-fiscal incentives, professional support services, amenities, and other advantages make it an ideal place for your investment. The Master Plan for the 4,400-hectare main zone and 27,600-hectare sub zone will transform the zone into an airport-driven urban center perfect for the requirements of high-end IT enabled industries, aviation and logistics related enterprises, tourism and other sectors. Consider some of the advantages:

• Access to Clarkโ€™s 2,500-hectare modern aviation complex designated as the countryโ€™s future premier gateway site
• Modern telecommunications facilities, power and water supply, waste management, vast road network and other infrastructures
• Waiver of local and national taxes, provision for 100% foreign equity on most industries, duty free status and other fiscal and non-fiscal incentives
• Ready access to a pool of highly trainable and English proficient skilled labor
• Competitive lease rates applicable for industrial, ICT, commercial and tourism industries: on structures starts at US $ 0.50 per square meter per month (depending on condition of the structure) andย  land/open spaces starts at 0.10 per square meter per month (depending on location), available for short, medium and long term lease period Escalation: Fixed for the first three (3) years with ten percent (10%) compounded increase starting on the fourth year and every three (3) years thereafter.
• Access to several Industrial and Technology Parks located right within the zone

Clark’s land inventory is vast, and prime locations for various uses are still available. A Master Plan adopted serves as guide in the balanced development of the areas considered apt for high-end industrial and IT enabled industries, tourism investment including the creation of retirement villages and medical tourism facilities, aviation and logistics related enterprises, and commercial activities aligned with the Central Business District concept. Site profiles and business plans for these areas are regularly updated and reviewed; all to aide investors fast-tracked the whole investment process.

As a prelude to the priority plan of electronic monitoring of the movement of goods and services in and out of the zone, CDC has set in place a Local Area Network (LAN) with a multi-mode fiber optic backbone and a electronic monitoring system currently pilot-tested. Plans for further improvements are now being readied to attract more local and foreign investment.

More than 700 local and foreign business projects have chosen to locate inside the Clark Freeport Zone since 1993. A good number of American, Japanese, Taiwanese and other foreign firm locators including United Parcel Service, Sumidenso, Rolls-Royce, Yokohama, L & T Intl Group Philippines, Inc., Cyber City Teleservices are finding the advantage that is Clark Freeport Zone.

---

If this article about Clark is useful to you, please click here to contact us to tell us what more you wish to know about this article or Clark Philippines, which can be something about Clark investment, about Clark resorts, about Clark Swimming and Leisure or simply general news about Clark.

---

Please send questions to Editor@ClarkPhilippines.com. Leave your name, email address, contact numbers and we will get back to you as soon as possible. Information received will not be disclosed.

---