![\"PEZA\"](\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2022\/05\/PEZA-Logo.jpg\"){kind=logo}
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The Philippines has some of the most concentrated natural resources in the world \u2014 and the Philippine Economic Zone Authority (PEZA) is publicising that fact to attract foreign development investments. PEZA acts as a catalyst for sustainable development in the Philippines, focusing on manufacturing, tourism and industrial exporters as well as land and building developers. It provides a complete service to investors, assisting with business registration, tax incentives and operational support. PEZA has undertaken a 25-year transformation strategy to accelerate the industrialisation of the country. Sustainability is a non-negotiable criterion for new and existing development, as environmental responsibility plays a critical role in decision making. PEZA looks to the future with lessons learned from the past. Previously the Philippines had centred around the extraction of raw materials, but now PEZA is building the infrastructure and workforce to claim more of the processing market. PEZA is training the people and developing the resources needed for this shift, which is expected to expound on benefits and improve margins. The transition will help to make the Philippines a more self-reliant and resource-generating country \u2014 and establish it as a major player in the global supply chain. PEZA intends to halt the \u201cbrain drain\u201d of the country\u2019s best talent by implementing inclusive policies to ensure smaller players \u2014 including SMEs, farmers and fisheries \u2014 aren\u2019t overlooked. It is improving urban infrastructure, so workers have easy access to housing and facilities. PEZA is an integral part of the Philippines effort to lift the economic prospects for citizens. The CFI.co judging panel presents PEZA with the 2022 award for Best Economic Zone Promotion (South East Asia).<\/p>\n","protected":false},"excerpt":{"rendered":"
The Philippines has some of the most concentrated natural resources in the world \u2014 and the Philippine Economic Zone Authority (PEZA) is publicising that fact to attract foreign development investments.<\/p>\n","protected":false},"author":1,"featured_media":10487,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3,35,37,53,38],"tags":[],"class_list":["post-10485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-development","category-fdi-agencies","category-front","category-government"],"yoast_head":"\n