When it comes to foreign investment, Energy Logistics, a joint venture between Xidian Holdings Philippines and an unnamed Singaporean company, began construction on a solar and wind park in Ilocos Norte in 2019. Qingdao Hengsun Zhongsheng Group, the contractor of the project, started land reclamation until the local government halted the process later the same year after it found that the company was in violation of several local laws and regulations.
Heavily dependent on basic agriculture and food processing, a search of the Philippine Securities and Exchange Commission database shows that there have been 217 new companies with Chinese investors in Ilocos Norte between 2001 and 2018. While the region has not been a target for Chinese development finance projects, a Bongbong administration will likely lead to Chinese loans for hard infrastructure projects.
Similarly, the Marcos family will target Chinese companies to help increase industrial capacity and bolster the province's transition toward higher productivity.