MALOLOS CITY (PIA) -- Bulacan has attracted about P20 billion worth of new investments in 2023.
These include expansion projects of two real estate firms namely the P167.24-million Venezia Townhomes 2 in Santa Maria and the 126.35-million Farm Masters Village Phase 3 in San Miguel.
Department of Trade and Industry (DTI) OIC-Assistant Regional Director and concurrent Bulacan Provincial Director Edna Dizon disclosed the development of a vegetable greenhouse facility in a 22-hectare of land in San Rafael that is envisioned to be the largest in the country.
Metro Pacific Agro Ventures Inc. invested P1 billion under a joint venture with Israeli-firm LR Group which will be part of the planned Metro Manila Greenhouse Vegetable Production Project. A similar facility will also rise in Laguna.
“Israeli agricultural technology will be used in modern seedling production, vegetable cultivation, sorting, and packaging. The company will also help in developing a new marketing strategy to bring those vegetables to a much bigger market,” Dizon furthered.
Meanwhile, investors from Changsha City in the People’s Republic of China sealed a US$254.82 million or P15 worth of investments in Bulacan.
These include US$180 million for the construction of an assembly line of vehicles of Foton Philippines by Beiqi Foton Motor Co.,Ltd. and the United Asia Automotive Group Inc., US$40 million Cooperation Contract for Import of Philippine Aquatic Products by Hunan Babaili Holding Group and Philippines Hujie Seafood Trading Company, US$18 million real estate joint venture of Broad Group Co., Ltd. and the RGJ Real Estate Company, and US$16.82 million dealer shop of Excavator equipment of Zoomlion Heavy Industry Science and Technology Co. Ltd. and the Nextgen Construction and Development Corporation.
Facilities relative to these investments will rise in the 400-hectare Bulacan Mega City.
The provincial government-owned complex is located in the towns of Pandi, Bocaue and Balagtas that is accessible via North Luzon Expressway.
DTI estimates that these fresh investments will create up to 200,000 direct and indirect jobs. (CLJD/SFV-PIA 3)
