Evident of being the Freeport of choice is the Authority of the Freeport Area of Bataan’s (AFAB) notable increase in investment commitments, raking in a total of PhP 27.4 Billion by the middle of the third quarter of 2019.

As the FAB draws in more investors, it continuously projects its robust economic growth as the amount of committed investment increases. As of 31 August 2019, the AFAB has recorded a notable increase in investments amounting to PhP 27,942,899,520.32 from fourteen (14) new investors in the following industries: Information and Communication Technology (ICT), Information Technology (IT), Business process outsourcing (BPO), Commercial, Administrative and Support Services, Real Estate and Lease Development, Port Terminal Services, Manufacturing, Energy, and Tourism.

This total represents a 300% increase compared to the PhP 7,004,726,522.71 investment recorded in 2018 and 105% increase compared to the three-year average from the years 2016-2018 of PhP 13,593,417,191.98667‬. This milestone is consistent with the AFAB’s direction to improve operational efficiency and to sustain the growth of the Freeport as well as the local economy of Mariveles, Bataan.

With the surge in pledged investments and new industries pouring in, employment is projected to increase expecting to create at least 5,671 new jobs on their first year of operations, including construction personnel.

With honor and pride, the AFAB claims 2019 to be another successful business year for the FAB. This is to serve as an inspiration to consistently strengthen the efficiency of its operational management and continuously improve fiscal discipline and stability. Moreover, the AFAB strives to acquire more advanced technologies to elevate the Agency’s business operations to be a portent of favorable business environment and provide better customer service, then achieving our goal of becoming the Freeport of choice by 2020.

AFAB