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PIA Press Release
2007/04/17

Mall chain to open Davao IT park

by Prix D Banzon

Davao City (17 April) -- With many investors on information and communication technology (ICT) scouting for space to locate, the coming in of SM City to develop an IT park is very timely.

Davao City council committee chair on trade, commerce and industry Peter Lavina in an interview said several interested locators wanting to come to Davao but could not find the right place.

Lavina said he introduced a resolution yesterday (April 17) endorsing for support and approval the proposed IT Park project of SM City Davao at Ecoland, Davao City.

SM will develop its three hectares lot as an IT Park to house call centers, business processing operations and IT companies to provide IT-related facilities.

He said when developed it would create thousands of jobs and generate added revenues to the city government.

Within the IT Park will be built at the most three buildings where locators can house their operations.

Lavina said it is just right for companies like SM to build the infrastructure now as many are already looking at Davao City to become an IT hub.

He said the project also needs to be endorsed to the Regional Development Council (RDC XI), Department of Trade and Industry and the Philippine Economic Zone Authority (PEZA) for accreditation and application for incentives.

Once the necessary permits and clearances are granted the project is now eligible to avail of incentives from the national government plus the incentives given by the city government of Davao to new investments. (PIA XI) [top]

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