THE Philippine Economic Zone Authority (Peza) has registered the P10-billion Hann Reserve project in New Clark City, allowing the tourism development to operate as a domestic market enterprise under the agency’s investment framework.
Executives representing the Peza and Hann Philippines Inc. signed the Registration Agreement on June 23, formally registering the company as a Peza Ecozone Domestic Market Enterprise for tourism.
According to the Peza, the project involves an initial investment of about P10 billion and is expected to generate more than 220 direct jobs.
The registration allows Hann Philippines to operate tourism-related facilities within its integrated mixed-use development in Capas, Tarlac, including golf courses affiliated with the Professional Golfers’ Association of America (PGA), as well as clubhouses and food and beverage outlets.
The agreement follows a supplemental agreement signed in August last year.
Hann Reserve began preview operations on January 31, ahead of its planned full commercial operations.
The Peza said the registration covers the project’s operation as a tourism enterprise within the economic zone under its existing regulatory framework.