The Andrew Tan-led property giant Megaworld Corp. will increase its leasable office spaces for business process outsourcing companies within its P20-billion township project in Cebu, amid bright outlook for the BPO sector in the city.
“Megaworld is keen on expanding its office spaces for BPO companies inside The Mactan Newtown, mainly because we see the significant growth of the BPO industry in Cebu. This we have observed in recent years,” said Jericho Go, Megaworld first vice president.
Megaworld is expected to offer around 150,000 square meters of office spaces in its 20-hectare project called The Mactan Newtown within the next three to five years.
“We can actually add up more leasable office spaces if the demand is really high,” Go added.
The Mactan Newtown, according to Megaworld, is expected to generate around 40,000 full-time BPO positions by 2018.
“Cheaper labor, abundant manpower, affordable location and right assistance from the local government make Cebu ripe for BPO businesses,” Go said.
“The urban landscape of The Mactan Newtown provides great opportunity for BPO companies to invest here in Cebu,” he added.
Megaworld is also planning to bring top international BPO companies to the township.
The Mactan Newtown is Megaworld’s biggest township project so far in Metro Cebu. It has been declared a Special Economic Zone by President Benigno Aquino 3rd under Presidential Proclamation No. 407.
Megaworld has earmarked P20 billion for the development of The Mactan Newtown in the next five to seven years.