Maharlika eyes investments in Clark Freeport, New Clark City

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MANILA, Philippines – President Ferdinand Marcos Jr.’s sovereign wealth fund is eyeing major investments in the Clark Freeport and Special Economic Zone in Central Luzon.and the Bases Conversion and Development Authority inked a memorandum of understanding on Monday, April 29, to explore investment opportunities in the latter’s portfolio.

The MIC did not disclose a ballpark figure, but enumerated big-ticket items up for assessment, including: Finance Secretary Ralph Recto lauded the partnership, saying that it would create sustainable urban communities and generate job opportunities.

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