Iloilo city will soon have an information technology center special economic zone after president Rodrigo Duterte signed a proclamation for its development upon the recommendation of the Philippine Economic Zone Authority (PEZA) board of directors.
The IT ecozone will be built in Mandurriao, Iloilo city. The proclamation also approved a tower to be called SM City Iloilo BPO Tower. According to The Special Economic Zone Act of 1995, special economic zones are areas with highly developed or have the potential to be developed into agro-industrial, industrial tourist or recreational, commercial, banking, investment and financial centers. These may host industrial estates, export processing zones, free trade zones, and tourist or recreational centers.