Iloilo City is selling like hotcakes to investors in the field of business process outsourcing (BPO) and real estate industries.
This was the assessment of industry players citing the metropolis potentials in attracting investments.
Mayor Jed Patrick E. Mabilog stressed the welcome development manifested the city’s booming economy driven by business and tourism, which continues to provide jobs to the Ilonggos to improve their living condition.
Investors’ confidence is also attributed to the Ilonggos’ rich culture and educational excellence.
“Iloilo is diverse in terms of culture and the business here is booming. In fact, many investors from Cebu and Davao are looking for lands here to start their business,” said Megaworld Corp. public relations and communications head Harold Geronimo.
The company is developing the PHP35-Billion Iloilo Business Park, a live-work-play township that hosts BPOs, hotels, malls, condominiums and Iloilo Convention Center at the old airport property in Mandurriao district.
Megaworld said that they invested in the city because of its culture and business growth.
Iloilo City as an outsourcing hub is finding increasing favor with buyers, assessed Asia Property Report, a realty publication.
“Iloilo is buoyant growth city especially for the BPO sector owing to a high number of college graduates,” property portal Lamudi managing director Jacqueline Van den Ende was quoted as saying.
Developers and locators take advantage of the city’s adequate manpower pool with more than 20,000 graduates annually.
The city offers abundant office space with the presence of capable English-speaking, diverse young population; and lots of cultural activities, according to Property Report. [via PNA]