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Megaworld expects 45,000 jobs in Cebu

By MST Business | Mar. 29, 2014 at 12:00am [ ]

Property developer Megaworld Corp. expects to generate 45,000 jobs in its 28.8-hectare The Mactan Newtown township in Lapu Lapu City, Cebu over the next five to seven years.

The company said it was fast-tracking the construction of state-of-the-art office towers to boost more employment in Cebu, particularly in Mactan Island.

Megaworld first vice president Jericho Go said the company would construct five to 10 more office towers in the township by 2021 to reach the target of 150,000 square meters of office space inventory.

“Due to an overwhelming demand of office spaces and significant growth of the BPO industry in Cebu, we are doing a massive infrastructure push in The Mactan Newtown. We have received inquiries left and right from top BPO companies that are interested to set up operations in our township,” said Go.

The strong interest among BPO companies was propelled by the recent announcement that the township will have its own beach. In January, Megaworld announced that it is developing the former Portofino Beach to form part of the township.

“The Mactan Newtown will be the first cyberpark to have its own beach. This will make living, working, and playing in our township more exciting than what it used to be,” said Go.

The township’s first office tower, One World Center, is now fully leased out by two international BPO-IT companies—US-based Enfra USA and Results Manila. Both companies employ more than 2,000 employees today.

The second office tower, Two World Center, was recently topped off and is expected to open for operations this June.  Canada-based Manulife, one of the oldest life insurance firms in the country, has leased out the entire building for its operations in Cebu.

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