To back up that claim, Colliers cited the Philippine Economic Zone Authority (PEZA) recently saying that they are expecting a number of big-ticket investments in 2023, including the relocation of factories from China.
"PEZA has been receiving investment pledges from its previous investment promotion missions abroad. Moreover, they are also expecting new investments from South Korea and Taiwan," Bondoc said. "In our view, industrial park developers should closely monitor the profile of incoming locators and proactively cater to their requirements."
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