The Authority of the Freeport Area of
Bataan (AFAB) and the LKY Group signed the FAB Leisure Hub project that will develop
the Freeport Area of Bataan (FAB) into a leisure hub and complete lifestyle
community.
“This project will further improve facilities
in the FAB that can spur investments and create new jobs and at the same time,
provide work-life balance to our locators and the FAB community,” said AFAB
Chairman and Administrator Deogracias G.P.Custodio.
The LKY
Group commits to invest a minimum of P300M for the
redevelopment lease of the tourism facilities in the FAB. The project covers 129,170.9
square meters of land, including its existing four-storey Hilltop Hotel, tennis
and badminton court, club house, shopping center, bowling complex, cinema and
other amenities. Completion of the project is set within 2 years.
For more than 30 years, LKY Group has
been an energizing force throughout the Philippines, revolutionizing the
development concepts of Transport Terminals, Hotels & Resorts development
and management, Commercial Leasing, Retail Marketing, Construction &
Property Development, Food Operations, Travel and Tours and Housing Development.
The FAB is the emerging fashion
manufacturing hub of the Philippines as
it possesses a “budding cluster” of manufacturing companies producing high-end
brands of garments, apparel, shoes and accessories like bags, jewelries, among
others.
It
is home to more than 70 companies with very strong supply/value chain in the
production activities.
With
the increasing number of locators and activities in the FAB, this project will set
off sporting and recreational opportunities for its existing locators and
prospective investors.
Aside from this project, the FAB is
also looking into investment partnerships in the cargo port/ferry port,
industrial estate development, fabric/accessories park development and building
of a designs and innovation center to service
the manufacturing industries.
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