PIA Press Release
2008/08/05
by RG Alama
Davao City (5 August) -- The new mall developments sprouting in Davao City will attract mall goers coming from nearby provinces, this according to Engineer Roberto "Bobby" Teo, chief of the Davao City Investments and Promotions Center (DCIPC).
Ongoing developments include the P3-billion Ayala Business Park and Mall which stands in a 9.5 hectare property owned by the Floirendos. Slated to be completed by 2010 the mall will be preceded by an IT/Business Process Oustsourcing Park which is the first phase of the development.
Speaking before Kapihan sa Dabaw media forum held last Monday (August 4) at Pizza Hut SM-Davao. Teo said that the Ayala mall located in Bajada will entice more people coming from different provinces particularly those from provinces north of the City like those from Davao del Norte, Compostela Valley and even Davao Oriental. He said the city's southern neighbors would still go to SM-Davao citing its proximity.
Teo said this is probably the reason why SM is investing in another development north of the City where they bought the Lanang Golf and Country Club property from the Dakudaos. Aside from SM, the Gokongwei-owned Robinsons is also building its supermarket and IT center also in Bajada.
According to Teo Robinsons will not be building a mall but rather a supermarket with a space for IT and BPO locators. The developments highlighted the rising IT industry in the City.
Davao City is part of the country's cyber-corridor under the Mega-Region Development plan of President Gloria Macapagal Arroyo also the business sector of the City particularly the Davao City Chamber of Commerce and Industry (DCCCI) is eyeing the IT sector as one of its core industries for development. (PIA)
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