THE Board of Investments (BOI) has approved nearly P2 billion worth of housing and industrial development projects in Central Luzon, paving the way for the construction of more than 1,700 mass housing units and a new industrial park.
In a statement, the BOI said it approved the registration of two mass housing projects in Nueva Ecija and a domestic industrial park project in Pampanga with a combined investment value of P1.98 billion.
The largest share of the investment will come from the housing developments of Borland Development Corporation, which are expected to deliver more than 1,700 economic housing units for Filipino families seeking affordable homeownership options.
The projects, with a combined cost of about P1.35 billion, are scheduled to begin commercial operations in June 2026. Further, the BOI said the projects are expected to generate jobs during both the construction and operational phases.
Meanwhile, Fortunetown Properties Corp. received approval for the development of a 24-hectare domestic industrial park in Mexico, Pampanga.
The industrial park will provide serviced industrial land and facilities intended for manufacturing, logistics, warehousing and other business activities. The project is also expected to reinforce Central Luzon’s position as a major manufacturing and logistics hub outside Metro Manila.
Commercial operations for the industrial park are, likewise, targeted to begin this month.
For Trade Secretary and BOI Chairman Ma. Cristina Roque, the approved projects address multiple development needs, including housing accessibility, employment generation and regional economic growth.
For her part, BOI Infrastructure and Services Industry Service Director Mary Ann Raganit said the approvals demonstrate how investments can be translated into tangible projects that benefit communities and businesses.