AboitizInfra to continue development of economic estates

MANILA, Philippines — Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, said it remains committed to continuing the development of economic estates that raise the country’s profile as an investment destination.

Cosette Canilao, president and CEO of AIC, said the company’s economic estates enable businesses and help spur the local economy.

AIC was recognized as the Best Industrial Development Company for 2021 by the International Finance Awards, for its estate development and operations. The recognition was given at the 2021 International Finance Awards held in Dubai, United Arab Emirates.

“This is further validation of our position as a leading industrial developer, not just in the Philippines, but also in the whole region. We are excited to further expand our footprint and introduce new product lines, smart city features, and sustainability programs,” Canilao said.

In November last year, AIC was also recognized as the Best Industrial Developer in Asia at the 16th PropertyGuru Asia Property Awards – only one of the two regional winners from the Philippines.

The 2021 International Finance Awards, held last month, recognized industry talent, leadership skills, industry net worth, and capability on an international platform.

It is organized by International Finance, a premium business and finance magazine published by the UK-based International Finance Publications Ltd., focusing on emerging markets and Europe.

AIC’s economic estates portfolio includes the 794-hectare LIMA Estate in Lipa-Malvar, Batangas, the 63-hectare Mactan Economic Zone 2 Estate and the 540- hectare West Cebu Estate in Cebu.