$5B economic hub to rise in Clark

A $5 billion world-class economic hub will rise in the logistics hub and services area of the Clark International Airport.

“It will be a seven to 10-year buildout,” according to Michael Russell, president of Global Gateway Development Corporation (GGDC).

“We expect a good return on investments and generate 300,000 jobs once the economic hub is fully operational,” Russell said.

The GGDC operates the 177-hectare mixed use estate in the area of the Clark International Airport. The Medical City Clark already operates in the area.

GGDC’s the operating arm of the Global Gateway Clark offers office and retail spaces for leasing to its investors.

Logistics operators in Singapore and Hong Kong are already congested and has to expand elsewhere to accommodate more services. Clark is a suitable area for logistics operations.

Global Gateway Clark will comprise of the Aeropark, Business Park, Town Center and Logistic Park.

The One West and Two West buildings inside the Aeropark are set for completion in July this year.

The Global Gateway Clark straddles between the North Luzon Expressway and the Subic Clark Tarlac Expressway. It is directly linked to the deep-sea port of Subic and the international airport of Clark.