The Philippine Economic Zone Authority (PEZA) announced that they had approved an estimated P2.21 billion worth of new and expansion projects, that commensurated on the first month of 2024.

According to a statement from PEZA, they said that this involves 12 projects and is expected to generate $69.62 million worth of exports and 1,337 direct jobs.

When broken down, the said 12 projects is composed of seven ecozone export enterprises, four information technology enterprises, and one facilities enterprise.

“We are proud to have closed more than P2 billion worth of investments in the first month of 2024, and confident of securing more investments which are already in PEZA’s pipeline and waiting for approval in the coming months,” said PEZA Director General Tereso Panga.

Likewise the investment promotion agency noted that the projects is located in: Cavite Economic Zone (CEZ); Cavite Technopark-Special Economic Zone (SEZ); Laguna Technopark; Lima Technology Center-SEZ; Carmelray Industrial Park II-SEZ; Laguna Technopark Annex-SEZ; First Philippine Industrial Park; Giga Tower Bridgetowne IT Park in Quezon City; Southwoods Mall in Laguna City; Panorama Tower in Bonifacio Global City and Jazz IT Center in Makati City