THE Sagay City Economic Zone which is expected to be accredited by the Philippine Economic Zone Authority (Peza) later this year is seen to generate at least 200,000 jobs.
Incoming Mayor Narciso Javelosa Jr., on the sidelines of his oath-taking rites on Saturday, June 11, said the 25-hectare property located at Hacienda Ricky in Barangay Paraiso is now ready to cater to locators who are interested to invest in agriculture, food processing, manufacturing and even business process outsourcing (BPO).
Among the early locators was the Tamiya Inc., a Japanese manufacturer of plastic model kits, radio-controlled cars, batteries and solar-powered educational models, sailboat models, acrylic and enamel model paints and various modeling tools and supplies.
The firm expressed interest in putting up its manufacturing plant in the area, Javelosa said.
He said it did not push through because of the onset of the coronavirus disease (Covid-19) pandemic in 2020.
As previously planned by outgoing mayor and incoming Second District Representative Alfredo Marañon III, the Sagay City Economic Zone will have enough provisions for unimpeded growth and may be expanded up to 140 hectares.
Meanwhile, Javelosa said the completion of the port extension and development project at Barangay Old Sagay will help complement the logistical requirements of the locality’s economic zone.
The World Bank-assisted project, funded through the Philippine Rural Development Program, is already near completion, he said.
The mayor said that it is expected to increase trading activities between Sagay City and nearby economic centers in the Visayas as it will become an alternative route and transshipment points for containerized cargoes and passengers coming from the municipalities of Tabuelan and Estancia in Cebu and Iloilo, respectively.