What's Happening?
Aboitiz InfraCapital has announced that its MEZ2 Estate in Cebu has delivered $9.24 million in exports as of December 2024, significantly contributing to the region's economic growth. The 63-hectare Philippine Economic Zone Authority (PEZA)-registered zone supports businesses with reliable infrastructure and seamless trade connectivity. Strategically located near Mactan-Cebu International Airport and Cebu International Port, MEZ2 Estate plays a vital role in facilitating exports. The estate offers ready-built warehouse spaces and industrial lots for light manufacturing, export processing, and logistics operations. It is home to over 40 locators and more than 12,000 workers across high-value sectors such as electronics, garments, medical equipment, and home furnishings.
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Why It's Important?
MEZ2 Estate's success in exports underscores Cebu's growing role as a hub for international trade and manufacturing. The estate's strategic location and comprehensive infrastructure provide businesses with a competitive advantage in responding to global demand. This development highlights the importance of economic zones in driving regional competitiveness and attracting foreign investment. The growth of MEZ2 Estate reflects the broader economic potential of Cebu and its ability to integrate into global supply chains.
What's Next?
With its expanding tenant base and robust infrastructure, MEZ2 Estate is poised for continued growth. The estate's proximity to major transport links will likely attract more businesses seeking efficient export processing. Aboitiz InfraCapital's commitment to enhancing the estate's capabilities may lead to further investments in infrastructure and services, strengthening Cebu's position in international trade.
Beyond the Headlines
The success of MEZ2 Estate highlights the role of economic zones in fostering industrial ecosystems that support diverse sectors. The estate's integration of retail, office, and transport facilities demonstrates a holistic approach to economic development. This model may serve as a blueprint for other regions seeking to enhance their export capabilities and attract global businesses.
