Clark Freeport Zone
The Clark Freeport Zone is a special economic zone located in the Philippines, primarily in the province of Pampanga. It was established in 1993 to promote economic growth and attract foreign investment. The area was formerly the site of the Clark Air Base, a major U.S. military installation until its closure in 1991. Today, it serves as a hub for various industries, including manufacturing, logistics, and information technology.
The Freeport Zone offers numerous incentives for businesses, such as tax exemptions and simplified customs procedures. It is managed by the Clark Development Corporation (CDC), which oversees the development and promotion of the area. The zone also features modern infrastructure, making it an attractive destination for both local and international companies.