OVERVIEW OF
SUBIC BAY FREEPORT ZONE
P
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The VISION
“The Subic-Clark corridor will be the most
competitive international service and logistics
center in the Southeast Asian Region”
from the inaugural speech of Her Excellency
President Gloria Macapagal-Arroyo
2
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Subic-Clark Corridor
HIGHLIGHTS

1,004 sq km* development area bound
by the Clark Special Economic Zone in
the north & Subic Freeport & Special
Economic Zone in the southwest
* Combined area of Clark & Subic is
36.5x larger than Macau’s present area of
27.5 sq-km.

US$14-billion existing infrastructure in
former US military bases of Clark and
PACIFIC GATEWAY
METROPOLITAN AREA
Subic
PRODUCTION CENTER

A major component of the Metro
Luzon Urban Beltway development
matrix

Tax and duty-free incentives
Metro Luzon Urban Beltway
3
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Subic-Clark Area Development
A Seamless Economic Corridor
NLE Extension
(Clark-Tarlac Road)
Clark Airport
North Luzon
Expressway
Subic-Clark
Toll Road
Subic Seaport
North Rail
SCAD Vision
To develop the Subic-Clark Corridor into a globally competitive logistics hub for the efficient
movement of people, goods, services & data, in partnership with the private sector
4
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Subic – Clark Growth Corridor
Entertainment Haven
Commercial Gateway
Software Development /
Hi-Tech Manufacturing Hub
Logistics Hub
5
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
SBMA Charter
Since its inception in 1992, the Subic Bay Freeport has become one of the country’s premier
showcases for economic development, a symbol of pride for every Filipino, and one of the
most successful models of military base conversion in the world.
SBMA Charter (RA 7227)
The SBMA shall promote the Subic Special
Economic Zone into a self-sustaining,
industrial, commercial, financial and
investment center to generate employment
opportunities in and around the zone and to
attract and promote productive foreign
investments.
Key Performance Indicators:
• 638 approved investments
• US$3.3 billion in committed investments
• 59,000 jobs created
6
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
SUBIC BAY, 94 YEARS U.S. Naval Base
7
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Subic’s Advantages

Strategic Location

World Class Infrastructure

Highly Qualified Workforce

Competitive Incentives
8
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
The strategic location of the Subic-Clark corridor in the heart of
the growing economies of Asia gives it a most distinct edge
Average Flying Hours:

Tokyo 3:35

Hong Kong 1:20

Jakarta 4:25

Kuala Lumpur 3:30

Singapore 3:00

Shanghai 2:20

Seoul 4:00

Taipei 1:20

Brunei 2:30

Vietnam 2:30

9 Bangkok 3:00
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Subic is a complete port
There are a total of 15 operational piers and wharves capable of handling all kinds of sea vessels
South China Sea
Camayan Wharf
Nabasan Wharf
Subic International
Airport
New Container Terminal
Cubi Point
Leyte Pier
Subic Bay
Techno-Park
Boton Wharf
Passenger Terminal
POL Pier
Rivera Wharf
SRF Area
Central Area
Bravo Wharf
Marine Terminal
Sattler Pier
ENRON
Power Plant
Yacht Club
NSD Area
Industrial Park (Phase 2)
Industrial Park (Phase 1)
11
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
The New Container Terminal at Subic Bay Freeport
(target completion: 2007)
The container terminal is a 13 m deep, 560 m long, two-berth port which will effectively
decongest the port of Manila, and will potentially contribute in filling the capacity shortage
(14 million TEUS) projected for Southeast Asia.
12
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
The Subic Bay International Airport (SBIA)
The former Naval Air station was transformed into a modern international airport with
a 10,000 sq.m. passenger terminal. The airport currently houses FEDEX 1, the Asian
distribution hub of Federal Express.
13
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
INDEPENDENT AND RELIABLE SERVICES
Potable Water Supply
Efficient Waste Management System
100,000-line
Capacity
Telecom
Facilities
Stable Power
Supply
14
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Other Services

MEDICAL & HEALTH
SERVICES

TRANSPORTATION
SERVICES

EUCHARISTIC SERVICES

COURIER SERVICES

BANKS
15
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
24-Hour Security
Monitored movements at all SBMA gates through 24-hours Close Circuit TV monitor
911 Emergency Hotline for Fire, Medical & Rescue Operations
16
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
SBF Tax and Duty Free Incentives

Exemption from all local & national taxes with only a 5% corporate
tax on gross income

Duty free importation

Unrestricted entry of foreign investments

No foreign exchange control

Visas available to foreign nationals

Expanded allowable Deduction and Higher Percentage of Income
Allowable from Sources within the Customs Territory for Regional
Enterprises

Qualified industries may also benefit from a 4-6 year income tax
holiday
17
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
INVESTOR PROFILE
Number of Subic Bay Freeport Registered
Enterprises, as of May 2006
by Industry
Trading, Warehousing,
Transshipment
Number of Subic Bay Freeport Registered
Enterprises, as of May 2006
by Nationality
152
Nationality
Investments
(in US$)
Number of Companies
Korean
1,005,336,354.42
23
Filipino
630,463,532.12
369
Japanese
224,893,918.56
29
American
451,863,556
21
Taiwanese
177,128,990
44
British
41,830,464
12
Swiss
2,360,000
2
Singaporean
452,000
3
HongKong
260,000
1
32,163
1
663,679,334
79
98
Services
Tourism
96
Mfg
70
Port Related
57
Retailing
44
Institutions
30
Estate Dev't & Mgmt.
26
Dutch
*Others
Utilities
11
0
20
TOTAL (operational)
40
60
80
100 120 140 160 180 200
* Malaysian, Chinese, Australian, French, Danish, Finnish, German, Norwegian,
Pakistani, Swedish, Austrian, Mixed
18
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
584
INVESTMENT PERFORMANCE
Number of Approved Investments
Jan 2001 – June 2006 (cumulative)
Committed Investments
Jan 2001 – June 2006 (cumulative)
5,000
800
4,500
686
700
638
3,851
4,000
600
In US $ Millions
571
489
500
398
400
318
300
3,500
3,000
2,500
2,208
2,249
2,313
2,341
2,126
2001
2002
2003
2004
2005
2,000
1,500
200
1,000
100
500
0
0
2001
2002
2003
2004
2005
Jun-06
19
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Jun-06
HANJIN HEAVY INDUSTRIES
HANJIN UPDATES AS OF JUNE 23, 2006
• Over all progress development - 3%
• Current number of workers - 1, 400
• Ongoing Construction: Board Access / Temporary Office / Batching Plant / Crusher Plant
Boarding House / Shelter / Dry-dock / Earthwork
20
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
HEBEI XINGTAI JINGNIU (Crystal Bull) Company, Ltd.
• 32 ha. Glass Manufacting in Maritan Hill, Subic Bay Freeport Zone
• Projected Investment of US$ 312 million
• Projected Employment: 2,000 direct and indirect jobs
21
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
EMPLOYMENT GENERATION
By Sector
Total number of active workforce
Jan 2001 – June 2006 (cumulative) 勞動力就業人數
70000
61,758
Year
Manufacturing
Services
Construction
2001
14,244
20,207
11,291
2002
17,912
22,726
8,236
2003
16,956
32,387
4,843
2004
18,636
33,868
3,371
2005
17,246
36,535
5,983
2006
18,444
36,549
6,765
59,764
60000
55,875
51,486
48,874
50000
45,742
40000
30000
20000
10000
0
2001
2002
2003
2004
2005
S U B I C
B A Y
Jun-06
22
M E T R O P O L I T A N
A U T H O R I T Y
Investment Sites in Subic Bay Freeport Zone
Central Business
District
23
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
CENTRAL BUSINESS DISTRICT
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S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Current Central Business District
COMMERCIAL
LOT
1,100 SQ.M.
COMMERCIAL
LOT
1,100 SQ.M.
COMMERCIAL
LOT
25,416 SQ.M.
COMMERCIAL
LOT
2,576 SQ.M.
COMMERCIAL
LOT
4,000 SQ.M.
COMMERCIAL
LOT
1,600 SQ.M.
25
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Existing Subic Bay Industrial Parks
SBIP I
TIPO
SBIP II
Companies
MARITAN
B A Y
M E T R O P O L I T A N
Available
Area
SBIP I
28
114 ha
3 ha
SBIP II
15
45 ha
0 ha
STEP
10
60 ha
13 ha
TIPO
0
100 ha
100 ha
MARITAN
0
30 ha
30 ha
324
134
Total
S U B I C
Total Area
A U T H O R I T Y
Investment Sites in Subic Bay Freeport Zone
Subic Gateway
District:
The New
Commercial Area
27
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
SUBIC GATEWAY DISTRICT
SBIP PHASE 1
SBIP PROPOSED
COMMERCIAL
AREA
WISTRON
NSD
SBDMC
SBIP PHASE 2
ROYAL COMMERCIAL AREA
PROPOSED COMMERCIAL MALL
& CONVENTION CENTER
SBIP PHASE 2
PROPOSED
ROTONDA
SBIP PHASE 2
28
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Investment Sites in Subic Bay Freeport Zone
SBIP 1&2
INDUSTRIAL AREAS
STEP
31
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Investment Sites in Subic Bay Freeport Zone
TIPO
FUTURE LIGHT INDUSTRIAL AREA
32
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Future Software Development Park
33
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Future Software Development Park
34
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Investment Sites in Subic Bay Freeport Zone
FUTURE
LOGISTICS HUB
35
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Future Logistics Hub
36
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Subic Port Development Project
NAVAL SUPPLY
DEPOT
CRUISE SHIP TERMINAL +
ADMINISTRATION BUILDING
BOTON WHARF
BULK FERTILIZER
TERMINAL
BULK GRAIN
TERMINAL
ALAVA
PIER
LEYTE PIER
AIRPORT
PIER LOCATIONS
Excluding Camayan
Pier and Nabasan Pier
at Naval magazine Area
Actual Progress
As of May 2006: 66.49%
37
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Investment Sites in Subic Bay Freeport Zone
THE NEW
TOURISM AREA
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S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Hidden Beach Area
 Site Area: 1.32 hectares
 A Core Ecological Zone of the Subic Bay
Protected Area
 Contains the most abundant marine life in the
whole Subic Bay
 Other Areas:
• EOD Site/ Camayan Point – 2.34 hectares
• Firing Range – 2.99 hectares
 The two areas are within the Subic Watershed and
Forest Reserve.
40
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
GRANDE ISLAND
 Site Area: approx. 44 hectares
 Facilities: 20 quadruplet chalets
2-hectare Inland Beach Lagoon
Plenary Hall
2-storey hotel (15 rooms)
2-storey restaurant
42
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
The Freeport is a self-contained urban center
with world-class services
Major infrastructure &
features
 Seaport & airport
 Business district
 Round-the-clock
security & emergency
facilities
Tourist attractions &
facilities









Theme parks
Culture & history
Natural attractions
Entertainment
Sports & adventure
Sun, sea & sand
Wellness outlets
MICE venues
Shopping & dining
Independent & reliable
services
 Potable water supply
 Efficient waste
management system
 100,000-line capacity
telecom facilities
 Stable power supply
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S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Other services
 Medical & health
services
 Transportation services
 Eucharistic services
 Courier services
 Banks
 Educational
institutions
Tourist Attractions & Activities

Culture and History:
Our native Aetas, historical landmarks like the Spanish Gate, US ammunition
bunkers, among others

Theme Parks:
Ocean Adventure and Zoobic Safari

Natural Attractions:
Pamulaklakin Trails, JEST Camp, Apaliin Trails,
Triboa Mangrove Park, among others

Entertainment:
Cinema, Nightlife, Events and Casinos

Sports and Adventure:
Firing Range, Basketball Gym, Tennis Center,
Track Oval, Watersports, Go Kart, Horseback Riding,
Parasailing, Slide for Life, Golf, Airsoft/Paintball
44
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Tourist Attractions & Activities

Sun, Sea and Sand:
Camayan Beach, All Hands Beach, Grande Island,
Nabasan Beach, Dungaree Beach

Wellness Tourism:
Ritz Spa, Larossa Spa, Sabay Spa, Slimmers World,
Tonton Thai Massage, among others

MICE / Conference Facilities:
Subic Bay Arts Center, Legenda’s El Centro, among others

Shopping and Dining: Royal Subic, Pure Gold, Freeport
Exchange, Aresi Restaurant, Xtremely Xpresso, Pier One,
Gerry’s Grill, among others
45
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Tourist Attractions & Activities
Accommodation Type
20
224
22
Rooms
Hotels
Capacity
1,217
Housing units
Quonset Dormitories
Total
686
1,650
44
732
1,947
5704
46
S U B I C
B A Y
M E T R O P O L I T A N
3,322 pax
A U T H O R I T Y
Retirement Facilities
Retirement Villages
SUBIC HOLIDAY VILLAS
124 Rooms
POCO A POCO CONDOMINIUM
HOTEL
30 Units
SUBIC HEIGHTS
30 Units
TROPICAL PARADISE RETIREMENT
VILLAGE
22 Units
SUBIC BAY EDEN’S LIFESTYLE
CENTER
10 Units



Within 10-15 minutes drive from Central Business District,
restaurants, duty-free shops, banks & other community
amenities
Traditional & alternative medical services & facilities,
private gyms/health clubs & spas available
Adequate ICT facilities to keep residents and visitors wired
with the rest of the world
47
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y
Your Gateway to Business & Leisure
48
S U B I C
B A Y
M E T R O P O L I T A N
A U T H O R I T Y