The Philippine Economic Zone Authority (PEZA) and the Department of Environment and Natural Resources (DENR) identified at least seven new viable locations for economic zone development.
In a statement, PEZA said these lands are located in the CARAGA Region and are ideal for agro-industrial, agroforestry, mineral processing, and eco-tourism.
Four of the proposed special economic zones will also be located in Agusan del Norte, and one each in Agusan del Sur, Surigao del Norte, and Surigao del Sur.
PEZA Director-General Charito Plaza said that they “aim to restore back the once major industry of wood and put [an] order in the utilization of the raw minerals processed into many other products in Caraga, which has the biggest timber and mining lands.”
These newly identified lands for development are the result of the memorandum of understanding between PEZA and DENR signed last May that aims to spur economic growth in the countryside.
To date, PEZA has 23 agro-industrial zones across the country.