Nearly PHP240bn (USD4.6bn) worth of major projects, including spaces for information technology-business process outsourcing (IT-BPO) companies, were represented in a groundbreaking ceremony on Sunday in Cagayan. On the same day, officials from the Cagayan Economic Zone Authority (CEZA) also inspected the sites for the projects that are expected to spur economic prosperity in the region. According to Secretary Raul Lambino, CEZA administrator and chief executive officer, the largest among the six mega projects is City Polaris, a USD4.5bn CEZA township project in the town of Mapurao. This project includes a 2,013-hectare property facing the sea and is open for mixed-use development. City Polaris is planned to house IT-BPO companies, as well as commercial and residential areas and health, wellness, and recreational facilities. Additional warehouses estimated to be worth PHP301m will be also constructed at Port Irene in Barangay Casambalangan.
Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)
The #1 outsourcing authority
Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.
The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.
About Derek Gallimore
Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.
Outsource Accelerator in the mediaSee all media mentions
- Outsourcing industry “absolutely booming”
- Outsourcing industry recovery could be starting, survey indicates
- Doom or boom faces the IT-BPM industry (part 2)
- Bright future for outsourcing
- The Chinese Antidote to a Covid-battered Philippines
- The Philippine IT BPM Industry: Your Tool for Business Recovery and Continuity
- BPO industry in Philippines seen benefitting as firms abroad cut costs due to pandemic