Published March 10th, 2008 by Mickey
Realty Boom in Davao fueled by influx of IT/BPO related Work
The Damosa Business Center, Anflocor’s pet project is nearly complete. It is situated right beside the existing IT Park in Lanang.
This upcoming commercial building was designed to house software development outfits, telecommunication providers, research & development firms. It will be inaugurated sometime in April 2008.
Around the city, more and more commercial and residential buildings are being built. While these constructions are not directly related to IT, they are matching the efforts of various sectors in promoting the city as an ideal IT investment destination.
Mr. Villaver said he welcomes these real estate projects, as well as the entry of other property developers that are targeting information technology services to provide the necessary jolt for the local economy and provide more work to Davao’s growing number of IT graduates.
In Addition, Blue-chip property developers like SM and Robinsons are actually eyeing Davao City as a possible area of funneling in investments and open economic zones focused towards IT and IT-enabled services.