Simultaneously, international players like GQ Horizon, Kirubai, and Surex Safe Venture have reinforced their presence in FAB, demonstrating confidence in its potential as a thriving business hub.

"We're delighted with the robust investment commitments – a testament to the value of FAB as a Freeport and the dedication of Team AFAB," Pangandaman emphasized.

The FAB is poised for further growth, with plans underway to expand its workforce and diversify its economic activities. Notably, AFAB has laid the groundwork to accommodate a broader spectrum of industries, with companies in fintech, blockchain, gaming, and defense expressing keen interest in establishing operations within its jurisdiction.

This strategic approach aligns seamlessly with the economic diversification objectives outlined in the 2023-2028 PDP, ensuring sustainable growth and resilience amidst global challenges.

Moreover, AFAB's commitment to infrastructure development is evident in its ongoing redevelopment efforts in its main zone in Mariveles. By allocating space for a central business district, revitalizing key attractions like Mattel beachfront, and enhancing recreational facilities such as the golf course, AFAB aims to create a vibrant and dynamic environment conducive to both business and leisure.

These initiatives complement the government's broader agenda of infrastructure development, as outlined in the 2023-2028 PDP, thus contributing to the overall socio-economic progress of the nation.

"FAB lies at the end of the Roman Highway and the tip of the Bataan Peninsula, but – very soon – it will also be a destination in itself for business, and even for tourism," Pangandaman pressed.

As AFAB celebrates several milestones, from its establishment as the Philippines' first free trade zone to the recent amendment of its charter, the state-owned firm remains steadfast in its commitment to realizing the region's full potential.

"It's a milestone year for us – 55 years since the establishment of Mariveles as the Philippines' first free trade zone, 15 years since that zone became the Freeport Area of Bataan or FAB under the management of AFAB, and five years since the amendment of our charter – and as we look back to recognize and honor our past, we also look forward to our future," he underscored.

With the collective efforts of stakeholders, FAB is poised to emerge as a shining example of economic growth and investment promotion, driving the nation towards a future where all Filipinos enjoy prosperous and secure lives. (CLJD/RPQ-PIA 3)