The Department of Tourism (DoT) is banking on the development of the Clark Freeport Zone (CFZ) and New Clark City to further stimulate the recovery of the country’s tourism industry.
The DoT, in conjunction with the Tourism Promotions Board and the Subic-Clark Alliance for Development, showcased how CFZ and the New Town of Clark could be positioned as premier tourism hubs at the inaugural Tourism Investment Summit and the Central Luzon Business Exchange (CLTISBEX). Edition recently held at the Hilton Clark Sun Valley Resort.
They proposed CFZ as a modern and sustainable aerotropolis and a preferred destination for business events, while the New Clark City could represent an ideal destination for sports tourism in the Asia-Pacific region.
DoT 3 Regional Director Caroline Uy said, “With the help of the private sector, the goal is to transform the CFZ into a preferred business and tourism destination in the Asia-Pacific region and enable investors to find long-term economic returns. ”
CFZ is located in Pampanga and is easily accessible by the country’s main foreign tourist markets such as China, Hong Kong, Singapore, South Korea and Japan.
A total of 35 foreign and local investors from the Philippines, China, Singapore, Japan, Taiwan and the United Arab Emirates attended the summit.
The event concluded with a total of 127 million pesos ($2.4 million) in investment leads that were mostly generated during B2B meetings between 77 buyers and sellers.
As of December 31, 2021, CFZ is already home to some 1,153 companies also known as locators. These business enterprises provided opportunities to a total of 121,341 professionals and workers inside the free zone which originally employed only 20,000 workers when it opened.
For corporate groups, CFZ offers 80 convention halls, 3,648 hotel rooms, 126 restaurants and 45 tourist attractions such as Clark Safari, Clark Bike Path, Clark Museum and Theatre, Aqua Planet, Clark International Speedway and Dinosaurs Island .
In terms of exports, CFZ has since generated a total export of $5.4 billion with a total investment of 265 billion pesos.
The announcement follows the recent opening of the new passenger terminal at Clark International Airport, which Tourism Secretary Bernadette Romulo-Puyat said will generate more gains for the industry, especially now that the DoT is also positioning CFZ as a destination for professional events.