The Bases Conversion and Development Authority (BCDA) expects the proposed Pax Silica technology hub in New Clark City to attract between $40 billion and $70 billion in investments at full development, according to a report by BusinessWorld.
The project is projected to generate up to 190,000 direct jobs and $200 billion in exports, the government said on Thursday as it unveiled its first detailed economic projections for the initiative.
The BCDA’s projections highlight the potential scale of the technology hub, which is part of the government’s efforts to develop New Clark City as a center for industry and innovation.