Philippine Economic Zone Authority (PEZA) Director General Charito Plaza announced that multinational logistics company DubaiPort World (DP World) has recently invested in a big ticket barge terminal in partnership with an ecozone developer located in Tanza, Cavite.
DP World is the latest ecozone investor from the Middle East. Aside from the firm, Plaza revealed that there are other serious leads from the Kingdom of Saudi Arabia for investments in various sectors, including halal, agri-business, IT services and fintech, tourism, pharmaceutical, petrochemicals and LNG.
The entire Middle East has 21 locators with a total investment capital of P1.75 billion. Plaza noted that there are only two Saudi Arabian locators registered with PEZA.