Sunday, February 17, 2008 [ philstar.com ]
SUBIC BAY FREEPORT – After breaching its $5-billion investment target last year, the Subic Bay Metropolitan Authority (SBMA) has increased its goal to $7.5 billion, or $2.5 billion more in fresh investments within the next three years.
SBMA administrator and chief executive officer Armand Arreza made this announcement the other day as he revealed a $250-million investment commitment in Subic by Jafza International FZE, the global economic zone operations arm of Economic Zones World, which is owned by the government of Dubai.
“Now that we have exceeded our original target of $5 billion when Subic investments reached $5.4 billion in 2007, we have adjusted our 2010 goal to $7.5 billion,” he said.> > > [ full story ]
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