Aboitiz, Yuchengco allowed to expand Tarlac economic zone 

The Aboitiz and Yuchengco groups have secured clearance from the Philippine Competition Commission (PCC) to advance their joint venture for the expansion of economic zone TARI estate in Tarlac.

In a statement on Wednesday, Aboitiz Equity Ventures Inc. (AEV) said the PCC approval enables its unit, Aboitiz Economic Estates, to formalize definitive agreements covering the 184-hectare property owned by Tarlac Terra Ventures Inc. (TTVI), a subsidiary of Yuchengco-led House of Investments (HI).

The development will expand TARI Estate to a total of 384 hectares.

HI holds a 51-percent stake in the venture, while AEV owns 49 percent.

AEV also serves as the exclusive provider of project management, estate operations and general support services for the expanded estate.

TARI Estate is a Philippine Economic Zone Authority (Peza)-registered special economic zone positioned as Central Luzon’s next industrial growth area. It is currently anchored by Coca-Cola Europacific Aboitiz Philippines and Ajinomoto Philippines Corp.

Development at the estate is progressing steadily. Phase 1, which covers 90 hectares, is undergoing site development and is expected to be completed in the second half of the year.

Subsequent phases are advancing in parallel. These are seen to accelerate infrastructure delivery and meet growing investor demand.

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The expansion is designed to support light- to medium-scale industries. Construction is set to commence this year and expected to drive on-ground activity through 2028.

Phase 1 is fully sold out, while Phase 2 is attracting interest from both domestic and foreign enterprises.

Strategically located near the Subic–Clark–Tarlac Expressway, Tarlac–Pangasinan–La Union Expressway and Central Luzon Link Expressway, while also close to Clark International Airport and major seaports, TARI Estate is seen to offer locators access to Luzon’s logistics network.

Dedicated Peza and Bureau of Customs offices are targeted to be operational by the first quarter of 2027 to streamline regulatory and customs processes within the estate.