"Oro's economic growth unstoppable"
-- Mayor Emano
There's no stopping the progress of Cagayan de Oro.
This, as three giant corporations are already scheduled to begin
their multi-million investments in Cagayan de Oro this year.
City Mayor Vicente Y. Emano said that in September this year,
A.Brown Company will already start the construction of yet the biggest and most
luxurious subdivision in the island of Mindanao.
The P250 million real estate investment will be situated in the
highlands of barangay Agusan, bordering Balubal, another hinterland barangay in
Cagayan de Oro.
The city chief executive is optimistic that the project, which is
an outcome of the recent trade mission he led in India and Germany, will signal
the opening of a new growth area in Cagayan de Oro.
A foreign investor is also set to establish a 100-door apartment
and villa at the Pueblo de Oro Township in September this year. The project is
designed to cater to the needs of international tourists who wanted to stay in
Cagayan de Oro for more than a month.
In December this year, the Ayala Group of Companies will also
groundbreak its P4.7 Billion investment in barangay Indahag which covers an
area of 50 hectares.
Mayor Emano expressed hope that the influx of more investments here would
spell more employment opportunities and uplifted socio-economic condition for
the thousands of Cagayanons in the city.
In line with the effort of attracting more investors, the city
government has already put in place good bridge and road infrastructure
networks and telecommunications facility that are meant to open new growth
areas and provide access to and from all parts of the city. (City Information
Office)
f the city. (City Information
Office)
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