The Bases Conversion and Development Authority (BCDA) and the Philippine Economic Zone Authority (PEZA) have signed a memorandum of agreement to enhance the ease of doing business in New Clark City.

The partnership aims to streamline processes, align policies, and boost investment promotion efforts across the 9,450-hectare development. Under the agreement, BCDA and PEZA will work together to establish and manage economic zones in the area, while also conducting capacity-building programs, technical workshops, and joint marketing activities.

“By working hand-in-hand, BCDA and PEZA will leverage our expertise to streamline processes, harmonize regulations, and create a more seamless experience for businesses operating within New Clark City,” said BCDA President and CEO Engr. Joshua M. Bingcang.

The partnership targets high-value industries and regional business enterprises, encouraging them to set up operations in New Clark City. Investments generated under the collaboration will be credited to BCDA, expanding its investment portfolio.

PEZA Director General Tereso O. Panga said the agreement combines BCDA’s strength in estate development with PEZA’s track record in investment facilitation and one-stop shop services.

“Together, we aim to attract world-class investors, bring in strategic investments, and create meaningful employment for Filipinos,” Panga added.

BCDA Chairperson Atty. Hilario B. Paredes also expressed optimism about the collaboration, citing PEZA’s proven expertise in managing economic zones and attracting investors.

This initiative supports the Marcos administration’s Build Better More agenda, positioning Clark as Asia’s next smart and sustainable investment hub—helping ease congestion in Metro Manila and drive growth in Central and Northern Luzon.