BURGEONING CITY. Carmona residents cast their votes for ratification of the municipality's conversion to a component city in Cavite on July 8, 2023. In its aftermath, the city government has announced plans to partner with private infrastructure developers to build an economic hub. (Photo courtesy of Comelec)
CITY OF CARMONA, Cavite – The local government here on Friday said it is set to embark on an infrastructure development project with SM Development Corporation (SMDC) and SM Prime HoldingsInc. (SMPH), as part of efforts to transform the city into a vibrant economic hub.
In a message to the Philippine News Agency, Carmona’s city administration said it “commemorates a significant milestone as it achieves cityhood status, marking a turning point in its development journey as it positions itself to attract businesses and foreign direct investments (FDIs) on an expanded scale.”
In February, President Ferdinand R. Marcos Jr. signed Republic Act (RA) 11938, converting the municipality of Carmona in Cavite province into a component city, a move that was ratified by residents in a plebiscite on July 8.
“We are proud to commemorate this milestone with our residents and stakeholders. This celebration not only signifies our progress but also highlights the unity and vibrancy of our community. We look forward to a future filled with even more opportunities and achievements.” Carmona City Mayor Dahlia Loyola said.
Building upon its existing strengths as a home for numerous industrial facilities, Carmona has devised ambitious plans to further propel its growth.
Meanwhile, Cavite 5th District Rep. Roy Loyola, said: “the city will prioritize building a modern city, increasing job opportunities, and cultivating a flourishing business environment, making it a prime location for local and international investors.”
“As our commitment to continuous progress, one of the major projects that we will take on this year is the Carmona International City (CIC) development. Launching the CIC marks a long-awaited achievement that reflects the aspirations and collective efforts of our community,” he added.
He noted that this milestone fuels optimism and growth plans as the city embarks on a transformative journey towards becoming a beacon of progress and success.
The CIC project is a collaborative effort between the Carmona city government, SMDC, and SMPH, demonstrating the partnership between government and private institutions in pursuing projects that deliver benefits to all stakeholders and drive inclusive growth.
On top of the increased resources and enhanced autonomy in decision-making, Carmona aims to gain a competitive edge by offering lower business taxes than neighboring cities.
The project proponents said these strategies provide a solid foundation for Carmona’s advancement and prosperity, attracting more investors and making the city a compelling choice for businesses.
Loyola added that with a business-friendly environment, the city plans to introduce incentives to facilitate development and attract investments in the coming years.
With its strategic location and robust infrastructure, Carmona is also set to provide a solid foundation for business activities.
By being open to specific industries, collaborating with private entities, and adhering to environmental, social, and governance (ESG) practices, the city also presents an appealing choice for foreign as well as domestic companies while prioritizing the wellbeing and quality of life of its residents, Loyola added.
He said Carmona is now inviting local and international investors to explore the numerous opportunities within its borders, emphasizing fairness, transparency, and a peaceful environment.
“Carmona's transformation will surpass all expectations. We will make history, crafting a captivating story of global prominence,” Loyola said.
“Carmona will become the epitome of a vibrant destination for residents, tourists, and trade partners. Together, we will build a future that exceeds all possibilities,” he added. (PNA)
