The Philippines is aiming to build a city of the future

Real Estate

┬áNew Clark City you’ll see new technology companies coming through,” he explained.

Attracting customers who would be willing to relocate to New Clark City from the country’s capital will likely be a challenge. The Philippine government recently announced it is committed to moving some offices to New Clark City, but the main goal plan is for foreign investors to set up operations there, according to Wong.

Construction in New Clark City in the Philippines.

New infrastructure projects, meanwhile, could bridge the distance between Manila and New Clark City, Wong said. A brand new railway line is being built by the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development. The train would reduce the travel time between the two cities to one hour from the current two to three hours.

The first phase of the project is slated to finish by 2022, but Wong said that the goal is to keep developing as technologies advance.

But technical hurdles would still need to be resolved said Wong. “All these things need to be planned. You need that network of communication. And also a cyber security network needs to be put in place,” he said.

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