(SunStar) THE Economic Section of the United States Embassy in the Philippines has expressed support to the development of New Clark City in Capas, Tarlac.

It noted that the rising metropolis presents key investment opportunities for American businesses.

In a message to the Bases Conversion and Development Authority (BCDA), the US Embassy’s economic team conveyed its optimism for New Clark City’s potential as a driver of regional development.

“Supporting inclusive, sustainable economic growth has been the cornerstone of our bilateral economic engagement in the Philippines. The recent public release of the Biden administration’s Indo-Pacific Strategy highlights the United States’ commitment to a free and open Indo-Pacific and to strong economic partnerships in the region. Guided by the Indo-Pacific Strategy’s emphasis on shared prosperity, we continue to work with the Philippines to leverage economic strengths in both our countries,” the U.S. Embassy Economic Section said.

It added that New Clark City’s development presents an opportunity to promote prosperity in Central Luzon and beyond.

“We look forward to continued investment—including by US firms—in key sectors like healthcare, renewable energy, information and communications technology, and infrastructure,” the U.S. embassy office said.

New Clark City is being positioned as an alternate government center and investment hub outside of Metro Manila.