Question & AnswerQ&A (PROCLAMATION NO. 288)
Its purpose is to create and designate a parcel of land along Quimpo Boulevard, Barangay 40-D, Poblacion District, Davao City, as a Special Economic Zone specifically an Information Technology Park pursuant to Republic Act No. 7916 as amended by Republic Act No. 8748.
The legal basis is Republic Act No. 7916, also known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The special economic zone is named FELCRIS CENTRALE IT PARK.
It is located along Quimpo Boulevard, Barangay 40-D, Poblacion District, Davao City, bounded by the Old Course of Davao River on the southeast, an existing road on the northwest, Quimpo Boulevard on the northwest, and Lot 3, Pcs-112402-005813 on the northeast.
The designated area covers approximately 17,274 square meters.
The land is identified as Lot 1, Pcs-112402-005813 with Transfer Certificate of Title No. 146-2014069994. It is based on subdivision survey dated December 5, 2013, approved on February 13, 2014, and original survey dated May 24, 1936.
PEZA's Board of Directors recommended the creation and designation of this special economic zone and oversees the implementation of RA No. 7916 and its amendments related to special economic zones.
It is governed under RA No. 7916 as amended, its Implementing Rules and Regulations, and PEZA Board of Directors Resolutions Nos. 00-411 (2000), 04-295 (2004), 12-329 (2012), and 21-342 (2021).
Designation as a Special Economic Zone grants the area special incentives, privileges, and regulatory frameworks that promote investments, operations, and infrastructure development especially in targeted industries like information technology.