Question & AnswerQ&A (PROCLAMATION NO. 298)
Republic Act No. 7916, known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748, authorizes the creation and designation of land parcels as Information Technology Parks.
The proclamation was signed on August 30, 2017.
The Philippine Economic Zone Authority (PEZA) Board of Directors recommends the creation of Information Technology Parks under the Special Economic Zone Act.
The aggregate land area designated for Robinsons Cyberpark Davao is Twelve Thousand Twenty Two square meters (12,022 m²), more or less.
The Technical Descriptions provide precise boundary details and geographic location of the land parcels designated as the Information Technology Park, ensuring legal clarity and accuracy in land designation.
The designation is governed under PEZA Board Resolution No. 00-411 (s 2000), as amended by Resolution No. 04-295 (s 2004) and Resolution No. 16-377 (s 2016).
Proclamation No. 298 officially creates and designates the parcels of land as an Information Technology Park, subjecting them to the provisions of RA 7916 and relevant PEZA regulations, thereby enabling them to attract IT-related investments with incentives.
The designated parcels include Lot 1, Lot 4, Lot 5, Lot 6, Lot 1176-B-1-A-1-A, and Lot 1176-B-1-A-2-A, all located along J.P. Laurel Avenue, Davao City, Island of Mindanao.
President Rodrigo Roa Duterte affixed the seal of the Republic of the Philippines to the proclamation.
The purpose is to promote economic development by creating a designated IT Park that can host IT companies benefiting from special economic zone incentives as provided under RA 7916.