en.Wedoany.com Reported - Philippine President Ferdinand Marcos Jr. has approved another expansion of the West Cebu Industrial Park-Special Economic Zone (WCIP-SEZ) in Balamban, adding 647,229 square meters.

Proclamation No. 1288, issued on June 3, 2026, designates two parcels of land in Barangay Buanoy. In October 2024, Marcos also signed Proclamation No. 710, officially designating additional lots in Barangay Arpili and Barangay Buanoy for inclusion in the WCIP-SEZ. The park has served as a core hub for the Philippine shipbuilding industry for over 30 years, and this expansion further solidifies Balamban's status as the shipbuilding capital of the Philippines.

Established in 1992 and developed by the Aboitiz Group in partnership with Japan's Tsuneishi Holdings, the park is certified by the Philippine Economic Zone Authority (PEZA). The WCIP-SEZ has evolved into a multi-functional industrial park with supporting commercial, institutional, and residential areas. The main industrial park covers 283 hectares and currently hosts over 10 medium-to-heavy industrial enterprises, including several of the world's largest shipbuilding companies. The park is home to a diverse range of multinational corporations, employing more than 14,000 skilled Filipino workers.

Other projects within the park include Foressa Mountain Town, the University of San Jose Recoletos, and a soon-to-be-completed central business district.

The proclamation of the new lots is based on Republic Act No. 7916 (the Special Economic Zone Act of 1995), as amended by Republic Act No. 8748, and follows the recommendation of the PEZA Board. Republic Act No. 7916 was signed into law on February 24, 1995, to promote economic growth through the development of special economic zones. These zones are designated areas where enterprises may avail of fiscal and non-fiscal incentives and privileges depending on their location and industry priority, including industrial parks, export processing zones, information technology parks, and tourism or leisure economic zones.

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