May 16 - 31 , 2018 PHILIPPINE ASIAN NEWS TODAY 23
Dennis Uy firm investing $ 6-billion in Clark
Clark Global City Corp ., a wholly-owned subsidiary of Udenna Development Corp ., plans to invest $ 6 billion to develop the 177-hectare Clark Global City within Clark Freeport Zone in Pampanga into a “ global business destination ” that will include a 10- hectare casino resort .
Udenna , the holding company of businessman Dennis Uy , earlier acquired the project previously known as Global Gateway Logistics City from Global Gateway Development Corp . led by Kuwaiti investors .
The $ 6-billion investment would include the $ 1-billion acquisition cost of the land , CGCC executives said .
CGCC vice chairman Wilfredo Placino said in an interview during the unveiling of the master plan for the whole development that the group would hold a roadshow in Hong Kong , Beijing , and Tokyo next month to attract foreign investors as potential locators in Clark Global City .
Placino said potential locators would be allowed to lease the property for a period of 67 years at P99,000 per square meter . He said a total of 806,682 square meters would be leased out to locators , while 325,597 sq . m . would be retained by CGCC .
Clark Global City under the masterplan will be a mixed-use development with office buildings , residential developments , hotels ,
hospital , schools , transport terminal , sports center , an iconic tower , retail development , and casino and entertainment complex .
“ We are developing what will become the Philippines ’ new center of business , life , and innovation ,” Uy , who serves as chairman and chief executive of Udenna , said .
“ Clark Global City will offer a global business destination and spur economic transformation outside of Metro Manila , complementing the government ’ s efforts to spread growth across the country ,” he said .
Uy said the planned casino project would be undertaken by PH Resorts Group , a company he owns that is into casino resort development . The 10-hectare resort casino is slated for completion by 2022 .
Prospective locators are expected to benefit from the completion of the NLEx-SLEx Connector Road , Subic- Clark Cargo Railway and PNR North Railway in the next two to three years .
About 47 hectares of the 177- hectare development have been fully completed with world-class horizontal infrastructure .
Among the completed projects are a 173-bed hospital under The Medical City brand and two top-grade office buildings with 57,000 sqm of leasable office and retail space .( J . B . Austria , MT )
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-1 night stay at Libis View ( PPS ) -2 nights stay at Cliff Side ( El Nido ) -2 nights stay at Islands View ( Coron ) -City tour -Underground river tour with lunch -El Nido tour with lunch -Van transfer from PPS to El Nido -Coron tour with lunch -Roundtrip airport transfer -Complimentary breakfast
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-3Nights Stay @ Coron Hill Top Resort -Coron Town Tour -Coron Island Tour A with Lunch -Coron Calauit Safari Tour -Roundtrip Airport Transfer -Daily Breakfast -Entrance Fee -Environmental Fee -Services of a licensed tour guide
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-Van transfer PPS - Buliluyan - PPS -Boat transfer -Full board meals -Camping accessories -Tour guide ( certified lifeguard ) -Swimming gear
������ ������������� Onuk Island , Mansalangan Island , Pink sand Island , Patawan Island , Candaraman Island , Patonggong Island , Pulaw Bato Island �������
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