Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, recently broke ground on a new 96-hectare industrial expansion in LIMA Estate, which is expected to accommodate the increasing number of investors seeking to establish their businesses in the Philippines in the coming years.
AIC said in a statement the expansion is expected to generate up to 31,000 new jobs once the build-out of new locators is completed.
Some of the locators like Aice Brands, El Colono del Oeste Inc. and Ogura Clutch Philippines Inc. have started constructing their facilities in LIMA Estate.
LIMA Estate is an 800-hectare Philippine Economic Zone Authority -registered economic zone. Most recently, LIMA Estate obtained PEZA proclamation for its previous industrial expansion in Malvar, Batangas which is estimated to bring Php864 million worth of investments.
