Dubai’s DP World is planning to develop a 50-100 hectare economic zone with integrated seaport to introduce their latest logistics facilities and solutions in the Philippines, the Philippine Economic Zone Authority (PEZA) said.
DG Charito B. Plaza and DP World's executive in charge of Asia Pacifi
The Philippine Economic Zone Authority (PEZA) has invited businesses in Dubai to consider locating their next investments in the Philippines. PEZA deputy
MANILA - The Philippine Economic Zone Authority (PEZA) has invited businesses in Dubai to consider locating their next investments in the Philippines. PEZA deputy director general Tereso Panga said in his social media post Monday night that PEZA director general Charito Plaza met with businesses from sectors of Islamic banking, transport, logistics, and energy in Dubai last week to present investment opportunities in the Philippines. Panga said multinational logistics firm, DP World, plans to develop a 50 to 100-hectare economic zone with integrated seaport for their latest logistics facilities and solutions. He added that Plaza invited DP World to bring their DP World Cargospeed, which is a venture in partnership with Virgin Hyperloop, providing a hyperloop-enabled transport system for passengers and cargoes. The Hyperloop is fully powered by solar and can move people and cargoes "at the speed of flight and closer to the cost of trucking". Panga said the Hyperloop can cut do