Authority of the Freeport Area of Bataan information
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Authority of the Freeport Area of Bataan
Logo, used since April 2011
Administration building
Agency overview
Formed
October 23, 2009; 14 years ago (2009-10-23) (agency's creation) June 30, 2010; 13 years ago (2010-06-30) (zone's operations and management)
Preceding agency
Export Processing Zone Authority/Philippine Economic Zone Authority[a]
Jurisdiction
The Whole Area of Freeport Area of Bataan, Barangays Malaya and Maligaya
The Authority of the Freeport Area of Bataan (AFAB) is a government agency attached to the Office of the President of the Philippines that operates and manages the Freeport Area of Bataan (FAB) in Mariveles, Bataan, Philippines. It was created on October 23, 2009 through RA 9728 and started operations and management over the zone which took over from Philippine Economic Zone Authority (PEZA) on June 30, 2010.
The FAB was originally designed as an Export Processing Zone.[1] Its existing infrastructures include 11 Standard Factory Buildings (SFB) with three stories each, and a total working area of 8,352 m2 (89,900 sq ft). per SFB. It is currently home to over 50 locators engaged in manufacturing products for export ranging from tennis balls to yachts. AFAB also has two locators using their facilities for warehousing, one locator engaged in animal feeds processing and an enterprise currently constructing a clean coal power plant. These enterprises employ a total of 13,443 workers.
The objective of the AFAB is to revive the area and expand the Freeport. To accomplish these objectives, the Freeport seeks to attract more locators in the manufacturing, Business Process Outsourcing (BPO), electronics industries and green industries, among others. It is also seeking investors to boost its tourism capabilities by refurbishing its existing recreational facilities. The AFAB is also targeting new investors to build hotels, entertainment establishments, duty-free shops, resorts, team-building facilities, and sports facilities, among others, to encourage the influx of local and foreign tourists. It also hopes to attract a medical center to the Freeport with a view towards medical tourism. Finally, it aims to encourage universities and colleges to locate in the area, to create and sustain a talent pool that can service the human resource needs of the locators.
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^"Republic Act 9728" (PDF). Archived from the original (PDF) on September 23, 2012. Retrieved May 7, 2013.
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