Clark Development Corp. (CDC), which oversees the Clark Freeport Zone, announced that they were able to secure some P44.4 billion in investment commitments.

This is as of the second week of March, primarily due to the direct leases with the agency.

In a statement, the CDC clarified that the investments involved renewable energy, tourism, semiconductors, electronics, pharmaceuticals, medical devices, green minerals, food and agriculture, and steel.

“With these investments and expansions, Clark anticipates adding 5,833 employees to its workforce, thereby boosting employment opportunities in the region,” the statement read.

Likewise the commitments that were in the agency include tourism and leisure estates developer Donggwang Clark Corporation with P20 billion, and integrated resort and water theme park facilities developer BB International Leisure and Resort Development Corp. with P15 billion.

Also, the CDC noted that the electronics manufacturer DeviceDesign Philippines Corp. made significant investments had invested an additional P103 million for its expansion plans, while Yokohama Tire Philippines Inc. would be pouring in an additional P3.56 billion to expand its operations.