SANTA ANA, Cagayan (PIA) – The Cagayan Economic Zone Authority (CEZA) is establishing more trade facilities to boost the investment potential and economic activities of the eco-zone and freeport.
During the Cagayan Valley Investment Promotion Network (CVIPN) program, hosted by the Department of Trade and Industry, Market Specialist V Gabriel Lingan presented CEZA’s long-term development roadmap, which includes the establishment of additional cold storage and warehouse facilities to support the region’s agricultural and manufacturing sectors.
In addition, a new hotel, keepsake center, and pasalubong (souvenir) center are set to be constructed to enhance tourism experiences, contributing to the area’s growing hospitality sector.
Lingan further said that one of the infrastructure projects to be undertaken is the construction of a 66-kilometer circumferential road, designed to enhance connectivity throughout Cagayan Valley and facilitate smoother travel for people and transport goods.
“CEZA is committed to creating a conducive environment for investment, and we will continue to engage in initiatives like this to strengthen business networks, improve the investment climate, and ensure that Cagayan Valley remains a competitive and attractive destination for both local and international investors,” Lingan stated.
CEZA’s investment strategy is rooted in comprehensive development plans aimed at upgrading and expanding key facilities to support business growth, including the expansion of Port Irene, a critical seaport that will bolster international trade, and the construction of a data center designed to meet the needs of businesses in the digital age.
Meanwhile, DTI Regional Director Ma. Sofia G. Narag underscored the importance of the CVIPN in fostering synergy among businesses, government agencies, and other stakeholders.
Narag emphasized that the shared vision of improving regional competitiveness and attracting sustainable investments is vital for the continued growth of the region.
Through initiatives like this, she said, Cagayan Valley is positioning itself as an ideal investment destination, ready to embrace the future of economic growth. (OTB/PIA Region 2 with reports from CEZA)
