Menu
State-run Clark International Airport Corporation (CIAC), the operator of the Clark aviation complex in Pampanga, has signed a memorandum of understanding (MOU) with the sovereign wealth fund Maharlika Investment Corp. (MIC) to explore investment opportunities for major infrastructure and development projects in Clark.
The MOU was signed by MIC President and CEO Rafael Consing Jr. and CIAC President and CEO Arrey Perez, with Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go witnessing the event.
The agreement focuses on collaborative funding and development efforts for seven flagship projects within the Clark aviation complex. These projects include:
Perez emphasized that these projects aim to contribute to the development of priority industries under the Marcos administration. The initiatives are expected to drive growth in food and agriculture, transportation and mobility, tourism, and meetings, incentives, conferences, and exhibitions (MICE).
“This partnership marks a pivotal moment in the evolution of Clark as a premier airport hub,” Consing said. “The collaboration will unlock immense potential within Clark and propel growth in the entire Luzon corridor, fostering connectivity, trade, and tourism.”
Secretary Frederick Go highlighted the administration’s focus on increasing agricultural production and improving the food logistics chain. He noted that the Clark National Food Hub is a significant step toward sustainable food security.
Perez outlined the potential impact of CIAC’s projects on three key development areas:
The Maharlika Investment Fund (MIF) Act of 2023 established the MIC, which is responsible for mobilizing and utilizing the MIF for investment transactions to generate optimal returns.
#Top Tags COVID Covid-19 Technology Finance Investing Sustainability Economy
and receive a copy of The Crypto Cheat Sheet (PDF)
and NFT Cheat Sheet for free!
Comments are closed for this article!