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The Subic Special Economic and Freeport Zone, often shortened as Subic Bay or Subic, is a special economic zone and freeport area covering portions of the city of Olongapo and the town of Subic in Zambales, and the towns of Hermosa and Morong in Bataan in the Philippines. [3][4] The relatively developed and fenced area is called the Subic Bay ...
Subic Bay is a bay on the west coast of the island of Luzon in the Philippines, about 100 kilometers (62 mi) northwest of Manila Bay.An extension of the South China Sea, its shores were formerly the site of a major United States Navy facility, U.S. Naval Base Subic Bay, now an industrial and commercial area known as the Subic Bay Freeport Zone under the Subic Bay Metropolitan Authority.
Naval Base Subic Bay was a major ship-repair, supply, and rest and recreation facility of the Spanish Navy and subsequently the United States Navy located in Zambales, Philippines. The base was 262 square miles (680 km 2), about the size of Singapore. [1] The Navy Exchange had the largest volume of sales of any exchange in the world, and the ...
Subic Bay's strategic location, sheltered anchorages, and deep water were first made known to the Europeans when the Mexico-born Spanish explorer Juan de Salcedo reported its existence to the Spanish authorities upon his return to Manila, after Salcedo arrived in Zambales to establish the Spanish crown, but it would be a number of years before the Spanish would consider establishing a base there.
The expression Spanish real estate crisis or property crisis that began in 2008 refers to the set of economic indicators (sharp fall in the price of housing in Spain, credit shortages, etc.) that, with all their severity in 2010, would evidence the deterioration of real estate expectations and of the construction industry in Spain [1] in the context of a global economic crisis and the property ...
The Subic Bay Metropolitan Authority (SBMA; Filipino: Pangasiwaang Kalungsuran sa Look ng Subic [1]) is a governmental agency of the Philippines. [2] [3] The SBMA has played a significant part in the development of the Subic Special Economic and Freeport Zone into a self-sustainable area that promotes the industrial, commercial, investment, and financial areas of trade in the zone as well as ...
View from inside of Subic Spanish Gate. The Subic Spanish Gate, located at the corner of Dewey Avenue and Samson Road in the City of Olongapo, Zambales province, Philippines, was built in 1885 when the Spanish Navy authorized the construction of the Arsenal de Olongapo, [1] after King Alfonso XII of Spain issued a royal decree declaring Subic Bay as a naval port in 1884.
Harbor Point (Subic) Ayala Malls Harbor Point is a shopping mall in Subic Bay Freeport Zone in Zambales, Philippines owned by property development firm Ayala Land, Inc., a real estate subsidiary of Ayala Corporation. It is the first Ayala mall located in Subic Bay and the second in the Central Luzon region. The Mall is located across the river ...