DescriptionAPECO (Aurora Pacific Economic Zone and Freeport Authority) allocated 320.60 hectares intended for Milkfish and High Value Fish Production. The goal is to develop a competitive MARICULTURE PARK situated inside the Economic Zone where investors can enjoy Tax and Duty Free Incentives.
Milkfish is an important commodity that is widely cultured in the Philippines. It remains to be an essential or staple food, with production growing at a rate of 8.5% per annum. Milkfish is in high demand and widely distributed in the Indo-Pacific region and richly harvested in Southeast Asia. According to BFAR (Bureau of Fisheries and Aquatic Resources),in the Philippines alone (particularly in Regions 2 and 3 which consist of the provinces immediately surrounding APECO), there is a 91.51% deficit in the supply of milkfish. The production is done through best practices using fish cages due to the changing environmental conditions.
High value fish species such as grouper, sea bass, red snapper and abalone are identified in the Northeast sea water of the Philippines where culture and cultivation can provide easy and abundant yield. This is due to the natural factors such as the stable water temperature and low sediments load that makes APECO a good breeding ground for high value fish species.Type of investors/locators sought
- Post harvest facilities such as cold storage infrastructure and processing and packaging service providers.
- Feeds producer and mill equipment
- Fish processing plants (Fish Fillet).
- Investment in the fabrication of sea cages and other equipment.
- Presence of Fishery Research Institutions SEAFDEC; UP-MSI; BFAR National Technology Centers, ASCOT (Aurora State College of Technology)
Profile of proponent - The Aurora Pacific Economic Zone and Freeport Authority was created by virtue of Republic Act No. 9490, which was signed into law on June 27, 2007 and subsequently amended by Republic Act No. 10083. The law was enacted with the passage of a bill sponsored by Congressman Juan Edgardo Angara and Senator Edgardo Angara. APECO envisions the creation of a custom designed, seaport and airport driven economic center that will attract aquamarine projects and agro-industrial investments. It is the first economic zone to be established in the Pacific coast and intends to be a major transshipment hub going to the Pacific region. The zone also seeks to encourage and accelerate the social and economic development of the province of Aurora and its neighbouring provinces in the northeastern seaboard of the Philippinesby increasing the productivity and income of the people in the area.For inquiries: DOMESTIC INVESTMENT PROMOTIONS SERVICE BOARD OF INVESTMENTS Tel No.: (+632) 896.4179/895.3984/897.6682 local 229/260 Fax No.: (+632) 890.9307 E-mail: email@example.com , firstname.lastname@example.org