Creation and Designation of Special Economic Zone
- A parcel of land located along Quimpo Boulevard, Barangay 40-D, Poblacion District, Davao City is established as a Special Economic Zone.
- The economic zone is specifically designated as an Information Technology Park named FELCRIS CENTRALE IT PARK.
- The designation is subject to the provisions of RA No. 7916, its Implementing Rules and Regulations, and PEZA Board Resolutions 00-411 (s. 2000), 04-295 (s. 2004), 12-329 (s. 2012), and 21-342 (s. 2021).
Location and Area Description
- The designated area covers approximately 17,274 square meters.
- The land parcel is identified as Lot 1, Pcs-112402-005813, with Transfer Certificate of Title No. 146-2014069994.
- It forms part of Lots B-5, Pcs-11-020448, and Psu-146708 situated in Quimpo Boulevard, Barangay 40-D, Poblacion District, Davao City, Mindanao.
Technical Survey and Boundary Details
- Boundaries include Old Course of Davao River to the southeast, an existing road and Quimpo Boulevard to the northwest, and adjacent lots to the northeast.
- The survey describes precise lines with bearings and distances between marked points (points 1 to 7), defining the perimeter of the land.
- Location markers include concrete monuments and bearings based on a true north survey conducted originally in 1936 and updated by a subdivision survey approved in 2014.
Legal Effect and Issuance
- The proclamation establishes FELCRIS CENTRALE IT PARK officially as a Special Economic Zone effective from July 10, 2023.
- The document bears the signature of President Ferdinand R. Marcos, Jr., consolidating its legal effect.
- The Executive Secretary certified the proclamation's issuance.
Applicable Regulatory Framework
- The Special Economic Zone is governed by the Special Economic Zone Act of 1995 and its amendments.
- PEZA Board resolutions provide specific regulatory guidelines applicable to the zone's establishment and operation.
- The law enables incentives and regulatory privileges accorded to entities operating within the Special Economic Zone, particularly targeting IT-related businesses.
Administrative and Jurisdictional Scope
- The designated Special Economic Zone is under PEZA's jurisdiction for regulatory control and administration.
- The law aims to promote economic development in Davao City by attracting IT investments within the demarcated parcel.
- It aligns with national policies fostering innovation, employment, and technological advancement through special economic privileges.