Cebu City: Emerging Hub for Business and IT-BPO in Asia

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Hailed as the "Queen City of the South," the highly-urbanized city of Cebu is an emerging hub for business and Information Technology and Business Process Outsourcing (IT-BPO) industry in Asia.

Cebu City is the second most important metropolitan center in the Philippines and the largest domestic shipping port in the country--home to about 80% of the country's domestic shipping companies. Metropolitan Cebu, the urban center of the province, also makes the city an important business location in the Philippines, especially in the Visayas region. Comprised of seven cities and six municipalities, Metro Cebu is the heart of government, transportation, trade and other important industries in the area.

Today, Cebu City is one of the fastest growing and most business-friendly local economies in the country. As of now, there are more or less 500 foreign companies that are located in the urban center.

Cebu City has also maintained its 8th spot for three consecutive years in the Top 100 Outsourcing Destinations Report released by Tholons, an international advisory company on global outsourcing and investments. Cebu has also been tagged by experts as an investment destination in the country as several major real estate firms have already engaged in projects in the area.

The city is also considered as a cost-effective alternative for BPO companies who are setting up shop in the country. Due to the increasing prices of office spaces, labor costs and saturation of Metro Manila, Cebu City has become the new BPO frontier with its lower business costs, abundant workforce and well-developed facilities and other infrastructure.

Cebu City is also one of the safest localities in Asia as attested by its low crime rate and high crime resolution statistics. Meanwhile, the province of Cebu prides itself with some of the most beautiful natural attractions in the country, including white sand beaches, as well as a number of important historical sites in the country. It ranked 7th in Conde Nast Traveller Readers' Choice Awards for 2008 and 2009 and 3rd on Best Island Destination in Asia for 2010 in Travel+Leisure Magazine.

Contact KMC MAG Group today for more information on the available office space and real estate in Cebu City, Philippines.