The Philippine Economic Zone Authority (PEZA) approved the first pharmaceutical economic zone in the Philippines, which is set to rise in Malolos, Bulacan. The Bulacan ecozone will host pharmaceutical companies and support information-technology firms and export-oriented industries.
PEZA granted Philstar Marketing Development its registration as a developer and operator of First Bulacan Business Park (FBBP), the first mixed-use ecozone in the province. FBBP is a P570.59-million, 259,069-square-meter ecozone.
“The proclamation of [the] FBBP will surely spur pharma-related research, manufacturing and tourism in the country, especially with the Covid-19 pandemic,” PEZA Director-General Charito Plaza said in a statement.
The ecozone is also located near the proposed Bulacan International Airport.