About FAB

FAB History

In 1972, the Bataan Export Processing Zone (BEPZ) became the first official economic zone in the Philippines. (thru Republic Act 5490 of 1969). The BEPZ was one of the most progressive communities in Luzon during its first decade of operation. The area attracted over one hundred multinational locators. Despite the economic activity and growth in the area brought about by the development of Subic and Clark in the 1990s, the development in the BEZ stagnated and then declined rapidly.

To put a halt to the decline of the BEZ and to allow the zone to fulfill its original mandate to become a catalyst for progress and development in the region and to create employment and livelihood opportunities for the people, Congress passed the Freeport Area of Bataan Act (RA 9728), which was enacted into law in October 2009. This Act converted the BEZ into the FAB,a special economic zone and freeport with a dedicated governing authority.

Vision

The AFAB vision is to be the freeport choice in the country by 2020, becoming a center of trade, innovation and sustainable development in Asia. The AFAB shall be a beacon for other emerging economic centers in the use of next-generation technologies and practices that will define the new model for the Global freeport.

Mission

The AFAB shall achieve it’s vision by building a world-class freeport community with leading edge equipment and facilities. It’s core values are sustainability, innovation and partnership.

For more information, please visit the Freeport Area of Bataan Official Website.