Ayala Land's Laguindingan Technopark breaks ground

BUSINESS
April 26, 2019

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Misamis Oriental Governor Yevgeny Vincente Emano and officials from Ayala Land led the groundbreaking Wednesday (April 25, 2019) of the P172-billion Laguindingan Technopark in Laguindingan, Misamis Oriental.

    Present alongside the governor during the momentous occasion were Philippine Economic Zones Authority (PEZA) director-general Charito Plaza, Laguindingan Mayor Diosdado Obsioma, AyalaLand Logistics Holdings Corp. president Rowena Tomeldan, AyalaLand Logistics Holdings Corp. director Nathanael Co, Ayala Land, Inc. COO for Vismin Jun Bisnar, Ayala Land, Inc. AVP for Vismin Rico Manuel and AyalaLand Logistics Holdings Corp. head Patrick John Avila.

Laguindingan Technopark is a 1-million square-meter property spanning the two barangays of Moog and Tubajon being marked for mixed-use development with focus on IT-related industries under the supervision of PEZA.

 In her speech, Plaza said the thrust of PEZA is to ensure that Laguindingan Technopark will not just cater to industries but will also set aside space for commercial and residential use as well.

For his part, Emano said the Misamis Oriental will always be in gratitude to AyalaLand, Inc. for putting the province in the national spotlight.

  At full development, Laguindingan Technopark is expected to generate approximately 5,000 jobs to primarily benefit the local residents. Catering to light to medium industries, it is envisioned to be the new logistics hub in the Philippines due to its strategic location as the gateway between Mindanao and Luzon-Visayas.  

This development aims to take advantage of the projected positive momentum of the Philippine economy and the local business property market, according to Tomeldan.

Plaza welcomed Tomeldan’s statement, saying it is now the thrust of PEZA to decongest Metro Manila and make industries boom in the countryside such as here in Misamis Orinetal.

“Laguindingan Technopark will be a catalyst in the economic development not just of the municipality but will trickle down to neighboring towns, drawing in local businesses leading to more job opportunities,” Emano added in. “Aside from direct employment, people around the area will also benefit as they put up business that will cater to the needs of the locator-companies.”

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