Aboitiz, Acciona Forge Facilities Management Joint Venture in Philippines

Aboitiz Construction Inc., a subsidiary of the Philippines' Aboitiz Group, has partnered with Acciona, a global infrastructure company headquartered in Spain, to enter the integrated facilities management business in the Philippines. The two companies have formed a joint venture named Acciona Facility Management Philippines. This new entity aims to provide services that meet the diverse needs of domestic clients by combining Acciona's international expertise in facilities management with Aboitiz Construction's nationwide presence and five decades of engineering experience. As the Philippine economy grows, particularly with the expansion of the Business Process Outsourcing (BPO) sector, there is an increasing demand for facilities management services for office buildings, commercial establishments, and industrial plants. This partnership is a strategic move to capture this market growth, leveraging the Aboitiz Group's domestic foundation and Acciona's global technological capabilities to establish a competitive advantage. While Aboitiz Construction has a strong track record in infrastructure development, its entry into the facilities management sector signifies an effort to diversify its business portfolio and enhance its value proposition to clients. For Acciona, this venture represents an opportunity to strengthen its presence in the rapidly growing Philippine market. Both companies intend to contribute to the Philippines' infrastructure development and industrial growth by offering facilities management solutions focused on sustainability and efficiency.