Key Points
- Pax Silica Hub aims to create 190,000 jobs
- The project will be established in New Clark City
- The project will strengthen the Philippines' position in the global artificial intelligence and technology value chain
By the Numbers
Philippine President Ferdinand R. Marcos Jr. announced that the Pax Silica Industrial Hub has the potential to create 190,000 quality jobs in the country. The project will be established in New Clark City and will strengthen the Philippines' position in the global artificial intelligence and technology value chain.
The project is planned as a strategic component of the Luzon Economic Corridor and will serve as an advanced manufacturing and logistics hub. The Philippines joined the Pax Silica Initiative as its 13th member in April and has since expanded to over 30 countries.
Upon completion, the project is expected to attract investments ranging from $40 billion to $70 billion, creating job opportunities for engineers, researchers, computer science graduates, and other high-skilled professionals in the Philippines.
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Frequently Asked Questions
- What is Pax Silica Hub?
- Pax Silica Hub is an industrial center planned to be established in the Philippines
- What is the purpose of the project?
- The purpose of the project is to strengthen the Philippines' position in the global artificial intelligence and technology value chain
- What is the expected investment amount for the project?
- The expected investment amount for the project is between $40 billion and $70 billion
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