Marikina OKs special economic zone for arms firm’s facility
MANILA – The Marikina City government approved the creation of a special economic zone for the manufacturing facility of a firearms firm. Mayor Marcelino Teodoro signed Resolution No. 127, series of 2024, on Wednesday for the development of the Armscor Global Defense Inc. as the “Armscor Manufacturing Special Economic Zone”. ‘We recognize the significant benefits and sustainable growth that the ‘Armscor Manufacturing Special Economic Zone’ will bring to Marikina City and its residents, once it is officially designated and registered as a Manufacturing Economic Zone with PEZA (Philippine Economic Zone Authority. We anticipate that the ‘Armscor Manufacturing Special Economic Zone’