On August 3, 2007, by Executive Order 647, President Gloria Macapagal-Arroyo declared Nasugbu, known for its white sand beach resorts, a special tourism zone, mandating the formation of a private sector-led Nasugbu eminent persons group to oversee development. The Nasugbu Special Tourism Zone will cover areas included in the Nasugbu Tourism Development Plan prepared by the municipal government and validated by the Philippine Tourism Authority (PTA). SM Investments Corp. (SMIC) plans to construct a 59 km² resort, the Hamilo Coast, at the NSTZ. SMIC will also establish a ferry service from the Manila Bay terminal of the SM Central Business Park in the Mall of Asia to Hamilo Coast, due to be operational by 2008. Also included in the tourism zone are Punta Fuego and Mounts Palay-Palay-Mataas-na-Gulod Protected Landscape where Mount Pico de Loro is located.