Philippines' PHP3B Outsourcing High-Rise

Filed in archive Outsourcing News by Danny on February 12, 2005

Philippine property developer, Megaworld Corporation, will construct a PHP3 billion high-rise building providing new office space for the country's growing BPO and IT sector.

The high-rise will be built in two phases. Megaworld said that the first phase of construction -- development of 40,000 square meters of gross space -- would start immediately to meet an early 2007 completion date.

The new building will be situated at the Philippines 16-hectare special economic zone, Eastwood City Cyberpark. Here, it will enjoy tax privileges along with other cyberpark residents, citibank, IBM and Trend Micro Inc.

A recent study by BNP Paribas S.A. said that the Philippines' BPO industry, which was valued at $173 million in 2002, would grow into a $10 billion industry by 2012.

Related Entries:

Philippine Software Firm Shows Positive Growth on its First ... - 27 February 2005
TeleTech Acquires Philippines-Based Business Process Outsour... - 17 November 2005
Philippines could get 450,000 call center jobs in the next f... - 09 March 2006
Philippines: The Next India? - 24 September 2006
Exploring SEO Outsourcing for the Philippines - 13 October 2007

« India's IT Booming But In... | Main | BoA to Set Up Second BPO ... »

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