ZAMBOANGA City Special Economic Zone and Freeport Authority (Zamboecozone) chairman and administrator Christopher Lawrence Arnuco said they are optimistic that more investors are pouring huge investments into the Zamboecozone.
Arnuco made this announcement during the Issues in the News program Friday, citing they have at present a total of 19 locators with a committed P13 billion investments.
The Issues in the News is a weekly public affairs program of the Zamboanga Press Club Inc. and carried live over dxVP of the Catholic Media Network.
Arnuco said five of the 19 locators are new investments since they were among firms that have registered as of September from January this year.
He said there are also 20 applicant-locators “that are in the pipeline,” citing they already submitted letters of intent.
He added that one of the 20 applicant-locators in the pipeline is the Development Bank of the Philippines (DBP), which is expected to start operations soon.
DBP has already complied all of the requirements and what they only need is to construct the building to house the bank-branch in the area, according to Arnuco.
He said they are optimistic that the number of locators at Zamboecozone will reach 30 by the end of this year. (Bong Garcia)