CAPITOL is venturing into real estate development by buying a 25-hectare property in the new city of Naga, southern Cebu and turning it into an economic zone.
The Cebu Provincial Government will also help Naga expand its port so it can accommodate bigger sea vessels.
The port will serve as a support facility to industries that will rise in the Capitol’s planned economic zone and the existing small and medium enterprise (SME) zone of the Naga City Government.
Garcia said in a press conference yesterday that the move is in line with her inaugural message to spread development into “more friendly territories.”
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