Megaworld’s Clark project to generate 30,000 jobs

By Carlo Lorenzo J. Datu

Friday 2nd of December 2011

CLARK FREEPORT, Pampanga, December 2 (PIA) -- At least 30,000 jobs will be generated once Megaworld Corporation completes the development of a 550 hectare property in Clark into a mixed-use complex.

In a disclosure to the Philippine Stock Exchange, the Andrew Tan-led firm announced that it will allot some P7 billion for the enhancement of the area situated between the Clark Freeport Zone and Clark Special Economic Zone.

“The proposed complex consists of office, commercial, retail, leisure and entertainment, residential and health and wellness components that will cater to foreign and local business process outsourcing locators, retirement communities and tourism enterprises” Megaworld said.

Megaworld is one of the country’s leading property developer that is responsible for the establishment of landmark live-work-play townships in Metro Manila such as Eastwood City and Newport City.

The mixed-use complex is one of the five big ticket projects inside Clark which are expected to commence next year.

Others include the 200-hectare Clark STAR (Sports, Training, Amusement and Recreation); 10,684-hectare Clark Highlands; Donggwang Clark Corporation’s 304-hectare tourism complex; and Clark Development Corporation’s (CDC) corporate building. (WLB/CLJD-PIA 3)