Question & AnswerQ&A (PROCLAMATION NO. 364)
The creation and designation of Horizon IT Park is pursuant to Republic Act No. 7916, also known as the "Special Economic Zone Act of 1995," as amended by Republic Act No. 8748.
The President of the Republic of the Philippines, upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA), has the authority to create and designate the Horizon IT Park as an Information Technology Park.
The recommendation came from the Board of Directors of the Philippine Economic Zone Authority (PEZA).
Horizon IT Park is created subject to the provisions of RA No. 7916 as amended, its Implementing Rules and Regulations, and PEZA Board of Directors Resolutions No. 00-411 (2000), No. 04-295 (2004), and No. 15-549 (2015) as amended.
Several parcels of land located in Barangays Sto. Cristo and Kaybanban, San Jose del Monte City, Bulacan, with an aggregate area of 78,899 square meters, more or less, are designated as Horizon IT Park.
The parcels include Lot 6, Block 12 (TCT No. 040-2016003587), Lot 9, Block 13 (TCT No. 040-2016003588), Lot 10, Block 13 (TCT No. 040-2016003590), Lot 16, Block 13 (TCT No. 040-2016003591), and Lot 17, Block 13 (TCT No. 040-2016003592), among others.
The technical descriptions and boundaries define the precise location and extent of the land parcels that collectively comprise the Horizon IT Park, ensuring clear demarcation for legal and administrative purposes.
An Information Technology Park under RA 7916 is a designated special economic zone focused on businesses involved in IT services, software development, and related information technology industries granted fiscal and non-fiscal incentives.
The parcels are based on original surveys conducted between November 18 to December 24, 1912, with the technical descriptions prepared in May 2016 and approved in July 2016.