Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, is investing P1.4 billion into the expansion of the West Cebu Estate (WCE) to host more industrial locators in the province of Cebu.
With the development of 39 hectares of the 540-hectare estate, the expansion is expected to generate an additional 14,000 jobs upon its completion by 2024 and will include the diversification of WCE’s locator mix to include light to medium manufacturing. In its groundbreaking ceremony, Cebu Industrial Park Developers, Inc.
President Rafael Fernandez de Mesa, noted the growing demand for industrial spaces in key areas in Cebu, as the country gears up for recovery.
At the event were (from left to right): Jun Rodriguez, President of JC Rodriguez Construction Corporatio; Cebu Division Chief Floreza Alpuerto from the Board of Investments; de Mesa; Cosette V. Canilao, President and CEO of Aboitiz InfraCapital; Philippine Economic Zone Authority (PEZA) Director General BGen. Charito “Ching” Plaza; Cebu 3rd District Representative and Deputy House Speaker Pablo John Garcia; and Alex Binghay, Mayor of Balamban, Cebu.