Special economic zone focusing on education, research set to rise in Cavite

A special economic zone known as "ALTAHUB" will soon be installed in Cavite to promote education, research and economic growth.

In a statement on Tuesday, the University of Perpetual Help-DALTA System management said it signed a memorandum of agreement with the Philippine Economic Zone Authority (PEZA) last May 5 for the plans in building the University of Perpetual Help-DALTA System campus into a special economic zone in Bacoor.

As a special economic zone, the campus will address the gap between needs of industry and products of the educational system.

It will also conduct research "which can uplift the lives of the majority in the community."

PEZA Director General Charito Plaza said this is the first time that a private higher education institution has been accredited  as a "Knowledge Innovation, Science and Technology Special Economic Zone (KIST-SEZ)."

“We are happy to have the pioneer and the first private HEI, the University of Perpetual Help- DALTA System Molino campus, as a partner of PEZA. We assure you of our support because this will redound to economic development and create peace and prosperity,” Plaza said.

For her part,  Cavite Mayor Lani Mercado-Revilla, who was present in the ceremonial MOA signing, said the installation of the campus as a special economic zone is "in line with the strategy of accelerating the development of human capital."—Consuelo Marquez/LDF, GMA News