ZAMBOANGA CITY—Newly-installed Zamboanga City Special Economic Zone and Free Port Authority (ZamboEcozone) Chairman Christopher Arnuco announced that he will review the master development plan (MDP) of the ZamboEcozone to see how the facility can benefit this city and the region.
Arnuco took over as the new chairman replacing Georgina Yu in simple ceremonies held Monday at the ZamboEcozone office in Sitio San Ramon, Barangay Talisayan, 26 kilometers west of this city.
Arnuco said there is a need to review the MDP of ZamboEcozone to ensure it functions in accordance to its mandate.
The ZamboEcozone is meant to attract local and foreign investors, generate employment opportunities, and encourage the regional dispersal of industries, according to Arnuco.
ZamboEcozone has some 36 locators 20 years ago but they left the facility for one reason or the other.
One particular locator, the Demak Industries pulled out its plant two years after it opened due to the unreliability of power and poor communication facilities at the ZamboEcozone.
Demak Industries which is owned by a Malaysian Consortium assembles motorcycles for distribution in this city and in the other parts of the country.
Yu has developed the facility into a tourist spot in the absence of locators.
Arnuco said he wants to see the facility as a decentralized and independent agro-industrial, commercial, financial, investment, tourism center and as a Freeport. (PNA)