CLARK FREEPORT, Pampanga, Philippines — Gaining momentum towards a big bang in investments in 2012, the Clark Development Corporation (CDC) announced yesterday five major projects in the bag for next year.

CDC President Felipe Antonio Remollo said at least five major projects are expected to reinforce the Freeport’s status as the premier investment hub and tourism destination for Central Luzon.

These new projects are part of the Bases Conversion and Development Authority’s (BCDA) vision to develop Clark Freeport as “the Fulcrum of Central Luzon Development.”

One of the projects is the MegaWorld Corporation’s mixed-use complex that features office, commercial, retail, leisure, residential, health and wellness centers constructed into one P7-billion complex located in a 400-hectare area between Clark Freeport and the Clark Special Economic Zone.

Another project is CDC’s proposed Clark Sports Training Amusement & Recreation (STAR) area at the Clark Highlands. The area will be used as a transport terminal, wakeboarding complex, soccer stadium, hotels and villas, athletes’ dormitories, nature and theme park, swimming center, boulevard and promenade, and athletes’ training ground.

Clark Highlands itself is another project located at the Sacobia Valley, covering some 10,684 hectares of land adjacent to Clark Freeport. The area will be developed into ICT parks, residential, light-industrial, agro-industrial, and tourism/leisure parks.

Another project will be made by Korea’s Donggwang Clark Corporation as the company is expected to complete $200-million tourism projects that includes the Clark Sun Valley Golf Course located at the main zone of Clark Freeport.

“With the groundbreaking of this fourth Clark project, Donggwang is poised to be the new leader in tourism complex and golf course construction in the Philippines,” Remollo said.

The Korean firm is set to construct a 34-hectare tourism complex with residential suites, a water-theme park along with various amenities. They will also be constructing a 10-storey office and residential building, Remollo said.

Remollo added that two more towers will add to Donggwang’s already completed Tower 3 ODE County Officetel as Tower 1 and Tower 2 is expected to be up by February next year.

Last of the five projects is the proposed CDC Corporate Building which is expected to be completed by April of 2013. The project will consolidate the agency’s various departments into one modern, environment-friendly building.

Currently, CDC departments are separated from each other in nine different locations.

In the various conceptual studies currently under evaluation, the new corporate headquarters will also have provisions for commercial spaces for lease in the first two floors, with the rest of the building allotted for CDC administrative and executive offices.