Philippines' PHP3B Outsourcing High-Rise
Filed in archive Outsourcing News 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.
Permalink: Philippines' PHP3B Outsourcing High-Rise
Tags: outsourcing philippines atspace rise high high+rise philippines+php3b php3b+outsourcing
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