Korean Company BizLink Pledges to Invest $1 Billion at the Freeport Area of Bataan (FAB)

Certainly one of the Republic of Korea’s most significant technology company BizLink has prepared to invest $1 Billion at the Freeport Area of Bataan (FAB) found in Mariveles, Bulacan. The investment of the Korean company is the outcomes of the President’s hard work at the time of his visit to the advancing Asian country.

The billion dollar investment of the Korean company with subsidiaries in numerous areas of the world was declared and also verified to the press by FAB Chairman Emmanuel Pineda throughout the signing of a memorandum of agreement (MOA) on Wednesday between FAB along with the BizLink, Phils., Inc., represented by its President Virgilio Pagulayan.

In an announcement with the press, FAB Chairman Pineda was cited as stating “It is the 137th company in the Bataan freeport. Definitely, it is among if not one of the biggest investors in FAB,” Pineda stated. “It will invest USD1 billion or around PHP54 billion.” FAB Chairman Pineda added.

The Philippine subsidiary of the South Korean company appears to produce 10,000 jobs upon total completion of its projects in 3 sites situated inside FAB.

The company are going to construct a multi-storey Information Technology building that will house an IT school that expects to have 1 ,000 graduates every year. It will also build a 26-hectare property for a mixed-use complex. BizLink Philippines President Virgilio Pagulayan additionally stated that “I will see to it that with the help of the people around me, we will deliver what is expected of us,” BizLink Philippines President Virgilio Pagulayan mentioned.

The BizLink of South Korea been focused on numerous Technologies and Production in the industries of Energy Saving Solution, Renewable Energy Business, Innovative Technology, Environment Pollution Prevention Solution and Plant Build-up. BizLink has good points also in the Real Estate Consulting and Development sectors just like Real Estate Development and Funding along with Construction Projects.

The Freeport Area of Bataan (FAB) has got 41,000 employees currently in a total of 136 multi-national firms.

Source: PNA