CLARK FREEPORT, Pampanga, Philippines — Clark Development Corporation (CDC) reported Tuesday that five new agreements with total investments of more than P169 million were signed before the year-end.

CDC President Felipe Antonio B. Remollo, citing the CDC’s Marketing Department business update, said the biggest project that was signed in the month of November was the Australian dental laboratory project.

Dental Health Laboratories Inc., a new firm that specializes in the manufacture of export-quality pharmaceutical products will be putting up more than P137 million for its manufacturing plant in Clark.

Remollo and DHLI Dental Health Laboratories Inc. Director Mary Jane J. Fowler signed the lease agreement in which the medical products will all be exported to Pakistan, Indonesia, Europe, Australia, and the United States.

Construction work on the manufacturing plant will be completed by June next year and will be ready for operations.

The CDC also signed an agreement with Filipino-Korean firm Mugunghwa-Clark, Inc. which will operate a P20-million restaurant, café, convenience store, souvenir shop, golf cart rental, golf tours and massage spa or wellness center project.

The entry of the Filipino-Korean firm in Clark was due to the influx of Korean tourists visiting the former US-run Clark Air Base, and in its neighboring environs.

The investment report also said that InvesAsia Philippines, Inc., a Hong Kong based firm, signed a sub-agreement with Phiexcel Business Park, Inc which will exclusively engage in medal, legal and general business transcription, IT support services and business process outsourcing.

Aviva Global Foods Inc. also signed a sublease agreement with Nice Logistics Business Park which will engage for warehousing, storage, vendor inventory management and repacking of locally produced consumer goods for 100 percent export abroad.

Rizhane Foods, Inc., meanwhile, signed a sublease agreement with SIA Engineering Philippines which will open canteen project for the employees of the Singaporean firm inside the Clark Aviation complex.