Subic Special Economic and Freeport Zone
The harbor faces the Zambales Mountains to the west and Subic Bay opens to the South China Sea.[5] In early 1991, after the collapse of protracted negotiations, the Philippine Senate rejected terms for renewal of the base's lease.Subic Bay was converted into a commercial zone largely through the efforts of some 8,000 residents of nearby Olongapo, under the leadership of mayor Richard Gordon, who wanted to protect and preserve the $8 billion worth of facilities and property from looting and destruction.Subic was transformed and became a model for bases conversion into commercial use after the Cold War with blue chip companies like Coastal Petroleum and Fed Ex pumping in over $3 billion of investments, creating 70,000 jobs in the free port's first four years.[6] It was host to the 4th APEC Leaders' Summit on November 24, 1996[7] and FedEx's Asia-Pacific hub, Asia-One, was located in Subic Bay for almost ten years.[8][9] In 2013, Defense Secretary Voltaire Gazmin said that the Philippines intended to move military forces to the base in response to the territorial disputes in the South China Sea.In 2017, negotiations with local government units next to the Subic Bay Freeport Zone expanded the fenced area.Attractions include beaches, an underwater aquarium, jungle survival tours, and duty-free shopping.[23] Local races, such as the Philippine Touring Car Championship, Run What You Brung (RWYB) and Circuit Showdown were held there.
Subic, ZambalesFreeportspecial economic zoneCountryPhilippinesRegionCentral LuzonProvincesBataanZambalesHermosaMorongOlongapoZIP codearea codeRoman Catholic Diocese of BalangaRoman Catholic Diocese of IbaU.S. Naval Base Subic BaySubic Bay Metropolitan AuthorityBases Conversion and Development AuthorityZambales MountainsSubic BaySouth China SeaVicente CatalanPhilippine NavyFirst Philippine RepublicU.S. militaryarsenalcolonial powerSpanish–American WarMarine7th Fleetred-light districtPhilippine SenateMount PinatuboRichard GordonUSS Belleau WoodCold Warblue chipfree portterritorial disputes in the South China SeaAeta peopleRedondo Peninsulaancestral domainHanjin PhilippinesPort of SubicMetro Manilabeachesaquariumjungleduty-free shoppingOcean AdventurePamulaklakin Nature ParkSubic International Raceway (SIR)Subic Bay International AirportPocholo RamirezAsian Formula 2000Asian Formula Three ChampionshipPhilippine Touring Car ChampionshipCircuit ShowdownHabagat2019 Southeast Asian GamesSubic–Clark–Tarlac ExpresswayOrion, BataanSanyo Denki Philippines, Inc.Clark Freeport and Special Economic ZoneFreeport Area of BataanPhilippine Statistics AuthorityThe New York TimesThe Manila TimesThe Philippine StarWayback Machine1991 eruption of Mount PinatuboAgila Subic ShipyardSubic Bay Space CenterSubic International RacewayPort of Subic BaySubic Freeport Expressway