Tuesday, May 13, 2014
Singaporean firm to pour in P7B worth of investments in Clark
CLARK FREEPORT-Singaporean firm Capilion Corporation Pte. Ltd. is set to pour in P7 billion worth of investments inside Clark Freeport.
“The company agreed to develop as mixed-used facility ideal for business process outsourcing, residential, commercial, or even retail enterprises in a three-hectare property,” Clark Development Corporation President Arthur Tugade disclosed.
“This will be the biggest contract to be signed by the new administration in terms of employment generation with a projection of 75,000 that can be accommodated within seven years. Our target of breaking the 100,000 employee barrier by the year 2016 will be achieved by 2015 because of this,” Tugade added.
Capilion’s development timelines will be in three phases and will be completed by the end of 2018.
The Capilion Group of companies has businesses involved in private equity, corporate services, real estate, financial securities, ship ownership, shipping and shipbuilding, infrastructure development and clean and renewable energy projects.
The group has various stakes in countries such as Indonesia, China, Kyrgyzstan, and India. (Rosa Bianca R. Pamintuan)
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