CLARK FREEPORT – Clark Development Corporation (CDC) continues to position Clark Freeport as a major economic development catalyst through its efforts in attracting quality investors, streamlining business processes, and generating employment.
This was highlighted in the keynote speech by Secretary Frederick Go, Special Assistant to the President for Investment and Economic Affairs (SAPIEA), during the First 2025 General Membership Meeting and Induction of Officers of the Clark Investors and Locators Association (CILA) on March 26, 2025.
According to Secretary Go, “CDC is just here in Clark, yet it ranks number three in terms of contributions to registered investments.”
He noted that CDC ranks among the top three (3) investment promotion agencies in the Philippines, following the Board of Investments and the Philippine Economic Zone Authority. Go emphasized that the primary goal of attracting these investments is to “promote jobs and provide better job options” for Filipinos.
Go also commended CDC President and CEO Atty. Agnes Devanadera for her dynamic leadership, stating, “If you ask me to pick a government official today that is as dynamic as her, I’ll have a really hard time thinking of another name.”
He expressed hope that the achievements of CDC and Clark investors, as well as those in the “greater Clark” area, would lead to permanent reforms and bold initiatives, positioning the Philippines as Southeast Asia’s economic superstar.
Go encouraged all locators in the Clark Freeport Zone to continue exploring, investing, expanding, and inviting others to invest in Clark and the Philippines.
CDC records indicate that investment growth in the Freeport Zone alone generated USD 5 billion in 2024, with 1,198 locators employing 143,408 workers.