PBBM ENVISIONS A BRIGHT FUTURE FOR THE SHIPBUILDING INDUSTRY IN THE PHILIPPINES
President Marcos expressed optimism about the partnership between global firm Cerberus and shipbuilder Hyundai, believing it would enhance Subic’s economic activity and contribute to Filipino aspirations.
Speaking at Malacañang, Marcos emphasized the potential of the Subic Freeport Zone for industrial and commercial growth with the right investments and projects.
The President highlighted the significance of the partnership in propelling the Philippines towards becoming a major shipbuilder globally.
While details of the deal were undisclosed, Cerberus’s investment in revitalizing the Subic shipyard and Hyundai’s interest in utilizing drydocks could create thousands of jobs.
Marcos underscored the importance of such partnerships in realizing the nation’s economic potential and fulfilling the dreams of every Filipino.
Source: PhilNews24 | May 15, 2024
