AboitizLand’s industrial business unit also expects fresh demand for new distribution centers and warehouse-type logistics facilities, especially as e-commerce booms.
Read MoreAside from the said opportunity in the logistics space, there is an emerging demand related to manufacturing companies planning to exit China.
Expansion plans to create additional inventory are underway for LIMA Technology Center in Batangas, and West Cebu Industrial Park in Cebu, to take advantage of this demand.
Likewise, the Aboitiz Group’s privately-held construction arm Aboitiz Construction, Inc. continues to operate and work on its projects in Balamban, Cebu, and Mindanao, albeit with stricter precautions.
The company hopes to immediately resume work on all its first and second quarter projects in ECQ-affected areas.
This is in line with the Aboitiz Group’s goal of keeping the economy stimulated with the immediate implementation of the government’s infrastructure program, especially projects of national significance.
It used to be that people from the rural areas would dream of living in Metro Manila and other major urban centers which seemed to offer career mobility and family support. But COVID-19 has made megacities highly vulnerable, with many city dwellers fearful of its long-term effects.
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