- LIMA
- WCIP
- MEZ 2
- Investing In The PH
- Tax Incentives
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Aboitiz InfraCapital Economic Estates forges stronger business ties with China to fuel Chinese investments in the Philippines
August 18, 2023Aboitiz InfraCapital Economic Estates, the leading developer and operator of smart and sustainable industrial-anchored estates in the Philippines, has taken significant strides towards fostering positive international business relations with China, in order to promote the Philippines as a premier investment destination in Asia.
Recently, Aboitiz InfraCapital Economic Estates participated in a cultural feast organized by the Chinese Embassy Manila, titled ‘Thriving Zhengzhou: The Main Cradle of Chinese Civilization.’ The feast not only celebrated the vibrant Chinese culture but also commemorated the long-standing and deep-rooted relationship between China and the Philippines.
Raymond Domingo, Aboitiz InfraCapital (AIC) Economic Estates Vice President for Business Development, Sales and Leasing emphasized the significance of these diplomatic engagements,
At Aboitiz InfraCapital Economic Estates, we strongly believe in the value of building bridges - not just in infrastructure but also in fostering strong relationships with our international partners. By working together, we can create opportunities for progress and prosperity for both our nations.
To further solidify their commitment to strengthening international business relations with China, Aboitiz InfraCapital hosted an exclusive meeting with esteemed dignitaries, including Representative Huang Xilian of the Chinese Embassy Manila, Economic & Commercial Counsellor Cao Mengdi, Minister Counsellor Yang Guoliang, Department of Trade and Industry Undersecretary Ceferino Rodolfo, and Batangas Provincial Governor Hermilando Mandanas. This exclusive gathering provided a platform for key decision-makers and industry leaders from both sides to engage in constructive discussions about potential collaborations and investment opportunities.
Rafael Fernandez de Mesa, Head of Aboitiz InfraCapital Economic Estates, expressed his optimism about the future prospects of Philippine-Chinese investment relations, saying, “This partnership signifies the start of a new era of economic cooperation between our nations. We are dedicated to creating a favorable environment that enables Chinese businesses to invest and prosper in the Philippines, leading to a mutually beneficial outcome for both countries.”
A shining testament to the strong ties between Aboitiz InfraCapital and China is the presence of numerous Chinese locators across AIC’s Economic Estates. Among them, Steelwell Industrial Hardware, a world-renowned manufacturer of high-precision metal products for industrial use, based in Shenzhen, China, is establishing its 1.5-hectare manufacturing facility in the Philippines within LIMA Estate. This significant investment showcases the confidence that Chinese businesses have in Aboitiz InfraCapital’s developments and underscores the Philippines’ potential as a strategic investment destination in Asia.
Through these intentional efforts to strengthen diplomatic relations with China, Aboitiz InfraCapital Economic Estates underscores its commitment to driving economic growth, infrastructural development, and progress in the Philippines. By fostering stronger partnerships with neighboring nations and key trade partners like China, Aboitiz InfraCapital builds upon its long-standing commitment to elevate the profile of industrial estates in the Philippines and establish the country as the preferred investment destination in Asia.
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