In terms of investments, the Authority of the Freeport Area of Bataan (AFAB) has accumulated an approximate total of PhP 935 million already approved by its Board so far this year, that brings the total worth of investments brought in the FAB since 2016 to PhP 130.38 Billion.

AFAB Administrator Pineda also mentioned in his report that another project worth PhP 3 Billion was already endorsed to the Fiscal Incentives Review Board. He also added that AFAB was included among the IPAs that generated foreign investments in the second quarter of 2022 as recorded by the Philippine Statistics Authority (PSA).
The AFAB has also interacted with dozens of interested investors since the start of the year, further proof that it is starting to get back on track. Two of these are power-generating projects that if realized would pour in nearly P50 Billion pesos into the FAB.

“This year has also seen us attend and participate again in high-level conferences and business missions with countries such as the United Arab Emirates, and the United States of America. We also received inbound missions from Australia, and New Zealand,” Admin Pineda added.#