Clark Freeport—A memorandum of understanding (MOU) to establish the first Artificial Intelligence (AI) Industrial Park in the Philippines was signed here last October 10.
Tokushima Auction Market, which was represented by Global Trade Venture Co., Ltd. Group of Japan and a property owner from Angeles City of a 25,000-hectare land in Camarines Sur signed the MOU. The AI Industrial Park will be established with the cooperation of several countries.
The MOU signing was facilitated by senior consultant Kazuo Sato of the Global Trade Co. Ltd. Group and was witnessed by aquamarine/agriculture farming proponents.
The Department of Trade and Industry, in collaboration with TAM/GTV, identified Bicol as a suitable location for an industrial corridor that will cater exclusively to the Japanese AI industry.
The AI Industry is based on software research and development, and hardware implementation and testing. The AI Industrial Park will be able to create new aqua-agri robots systems and farming operations and management, manufacturing and development services of robots, industrial and automotive robotics systems
As the automotive industry is now shifting from engine to electric systems, new components battery manufacturing, assembly and testing, digital high-speed ground and satellite IT network services for global connections are the target industry locators.
Similarly, global finance network service and high information security sectors are also the prospective proponents.
Strategic location for an exclusive air-cargo hub center, with a 4-kilometer runway with complete facilities that will serve the logistics requirements of the Industrial Corridor will be established.
One basic support facility, the Regional Medical Care Center (RMCC), whose Japanese officials attended the video conference for the MOU signing, will be established to cater to the health-care needs not only of the employees and their families, but also the residents in the community.
Other infrastructure includes warehousing facilities, cold storage/processing rooms, power generation plants and components, office facilities, full-weather and 24-hour operation park management services, facility design and construction services, and special technology zone.
The timeline for the construction of the Industrial Park is 24 months and the concession contract is good for 25 years, which may be renewed for another 25 years.
The industrial park is a major component of the company’s approximately $7.5-billion concession projects that were mentioned during the virtual project presentations on August 6.
The Japanese group’s projects are expected to give the country’s economy a much-needed boost.