What is the Clark Freeport Zone?

04

Sep 19

Once an American military base, the Clark Freeport Zone in Pampanga, Philippines has undergone a remarkable transformation, evolving into a modern industrial estate and emerging as Luzon’s premier business hub. Strategically located between Angeles City and Mabalacat City, this freeport zone holds immense potential for investors and entrepreneurs alike.

A Remarkable Evolution: From Military Base to Thriving Economic Zone

Following the closure of the base in 1991 due to the eruption of Mount Pinatubo, the Clark Freeport Zone underwent a remarkable cleanup and revitalization. It was reborn as the Clark International Airport and Clark Special Economic Zone (CSEZ), with a focus on creating one of Asia’s most advanced airports. Significant infrastructure upgrades were undertaken, including the construction of a second runway, establishing it as a modern aviation facility.

In 2007, the former Clark Air Base was officially renamed the Clark Freeport Zone by then-President Gloria Macapagal-Arroyo. This designation as a freeport granted investors numerous benefits, such as tax exemptions and duty-free privileges, attracting a significant influx of both domestic and foreign investments. Today, the zone is a thriving hub of economic activity, predicted to become a haven for the rapidly growing business process outsourcing industry.

Unparalleled Geographic Advantage: Gateway to Asia

The Philippines is strategically located at the heart of Asia, the fastest-growing economic region in the world. This advantageous position positions the country as a potential gateway to a vast market of over 550 million people in Southeast Asia. With Hong Kong less than two hours away and major Southeast Asian capitals and Asian cities within a four-hour flying range, the accessibility is unparalleled. The Philippines also sits astride major international shipping and air routes, making it an ideal location for international businesses.

Philexcel Business Park: The Heart of Clark Freeport Zone

Nestled within the Clark Freeport Zone lies Philexcel Business Park, the first and largest industrial park in Clark. Established in 1993, this business park has played a pivotal role in attracting investments and fostering economic growth within the zone. It is within this thriving environment that Tancorp Manufacturing, Inc. has found its home, leveraging the park’s strategic advantages to excel in its industry.