Clark cited anew as ‘Global Free Zones of the Future’

CLARK FREEPORT – The Clark Freeport has again landed on the pages of Foreign Direct Investment (fDi) Magazine as one of the top Global Free Zones of the future for 2012/13.

In 2010, fDi Magazine, published by the prestigious London-based The Financial Times Business Group, has also cited Clark and its potentials as a world-class economic haven.

Clark Development Corporation (CDC) Chairman and Officer-In-Charge Eduardo Oban, Jr. said this Freeport ranked number eight in the magazine’s list of global Freeport zones in the world. Dubai Airport Free Zone (Dafza) topped this year’s list followed by UAE-based Dubai International Financial Centre in second place and Shanghai Waigaoqiao Free Trade Zone in China for the third spot.

The other companies in the top 10 list are Iskandar in Malaysia, DuBiotech in UAE, Tanger Free Zone in Morocco, Freeport of Ventspils in Latvia, Chittagong Export Processing Zone in Bangladesh, and UAE-based Dubai Media City.

The Clark Freeport also ranked third in fDi Magazine’s top five best airport zones in the world. First on the list is Dubai Airport Free Zone followed by Tanger Free Zone in Morocco.

The fourth spot was awarded to Mauritius Freeport in Mauritius while tied in fifth place are Salalah Free Zone in Oman and Bahrain International Airport in Bahrain.

The magazine said at least 600 free zones across 120 countries were invited by fDi to complete a survey requesting both qualitative and quantitative data regarding their free zones.

The information collected was set under five categories: incentives, facilities, cost-effectiveness, transportation and best FDI promotion.–CDC-PRD