The Board of Investments (BoI) said it approved the registration of nearly P2 billion worth of mass housing and industrial park projects in Central Luzon, as reported by BusinessWorld. The move is aimed at boosting economic activity outside Metro Manila.
The registered projects include two mass housing projects worth P1.35 billion in Nueva Ecija and an industrial park development in Pampanga. These investments are expected to create jobs and spur local economic growth in the regions.
The BoI’s approval underscores the government’s push to decentralize economic development and encourage investments in provincial areas. Central Luzon has been a key focus for infrastructure and industrial expansion under recent administration policies.