ILOILO CITY: Mayor Jed Patrick Mabilog sees the year 2015 as an exciting year for Iloilo City as investors continue to pour capital in the city.
Mabilog said that since the Iloilo Business Summit was held in March 2014, some P50 billion were already infused in the city as more businesses, commercial buildings, shopping malls and restaurants, among others, opened.
If the growth continues, Mabilog believes that the total investments will balloon to P120 billion. He added that Iloilo has become the Visayas’ newest magnet for business investments as the government continues to build more road networks and infrastructures.
Last week, the city also saw the groundbreaking ceremonies of two new high-end hospitals, worth more than P200 million each. This is aside from the newly-completed Qualimed Hospital of the Ayala Group and a high-end hospital (now at its final phase) owned by the Medicus Corp.
Mabilog said that SM Land Corp. is also starting its City Mall projects as the Robinsons Corp. expands its presence in this city.
The city is also a grand-slam winner as best performing city in Region 6 as certified by the Department of Interior and Local Government (DILG) and the grand champion in administrative governance for the last four years.