Question & AnswerQ&A (PROCLAMATION NO. 1274)
Republic Act No. 7916, also known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748, empowers the President of the Philippines to create and designate economic zones.
The SM City San Mateo IT Center is designated as an Information Technology (IT) Center.
The gross floor area of the SM City San Mateo IT Center is Seventy-Five Thousand Six Hundred Twenty-Three square meters and Forty square decimeters (75,623.40).
It is located along General Luna Avenue, Barangay Ampid 1, San Mateo, Rizal.
The total aggregate land area is Twenty-Two Thousand Eight Hundred Fifty-Eight (22,858) square meters, more or less.
The recommendation came from the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The key legal provisions include RA No. 7916 as amended, its Implementing Rules and Regulations, and several PEZA Board Resolutions such as Resolution No. 00-411 (s. 2000), Resolution Nos. 11-066 (s. 2011), 15-240 (s. 2015), and 15-179 (s. 2015).
Designation as an IT Center under RA No. 7916 provides special economic zone status, which may include tax incentives, regulatory exemptions, and other privileges to encourage IT-related investments and activities in the designated area.
The parcels are defined by documents such as Lot 3 (LRC) Psd-35256 TCT No. 303397, Psu-203222 TCT No. 009-2012004401, and Psu-203136 TCT No. 303396, including their technical descriptions and boundary surveys.