The Clark Development Corp. (CDC) expects to surpass its P12.35-billion investment target for 2026, buoyed by strong early commitments and sustained investor interest, a senior official said.
As early as the first quarter, CDC has already secured between P9 billion and P10 billion in investment pledges, signaling robust momentum for the remainder of the year.
“We are very positive. For those pending proponents that we have, they will all push through,” said Noelle Mina D. Meneses, head of CDC’s Business Development and Business Enhancement Group, during a press briefing on Monday. She expressed confidence that Clark will exceed its full-year target despite prevailing global uncertainties.
Meneses said the pipeline remains solid, driven by both new investors entering the freeport and existing locators expanding their operations. “We’re very positive that investment and tourism will still flourish here in Clark,” she added.
Among the latest developments, CDC recently finalized a P4.4-billion tourism-oriented mixed-use project by South Korea’s Luxia Corporation, which will include a hotel and serviced apartments.
Another P1.2-billion project involves the expansion of a 4.9-hectare assisted living facility catering to both foreign and Filipino retirees.
Clark’s growing appeal as a retirement hub continues to draw interest, supported by its international airport and strong connectivity, Meneses noted. She also disclosed plans for a potential hotel project near the Clark International Speedway.
“These are good developments despite what is happening in the Middle East,” she said, underscoring Clark’s resilience to external shocks. “Investor confidence is here to stay.”
