Cagayan de Oro appears to be a very good location to start a business, here are some reasons why.
Let’s start with some economical statistics, in 2008 the gross income of the city has been around 1.452B, it represents an economic growth of 13% compared to 2007 and it’s continuing.
If someone has newer data from the Commission on Audit (CoA), please share them in the comment section or contact me so that I can update this post.
Cagayan is now the 14th city in the country in term of economy and it’s the main business center in Northern Mindanao.
Cagayan de Oro has a harbour and an airport, with the completion of the new Laguindingan International Airport in 2012, the city, as much as Illigan, will benefit from an international airport and this will surely boost import/export business in Northern Mindanao and more precisely in Misamis Oriental and Lanao del Norte.
Cagayan is booming
If you live in Cagayan de Oro, you must have noticed it, it is now obvious, new projects are flourishing everywhere and some of them, like the Ayala Complex, are really impressive. This kind of investment means a real belief in the local economy and opportunities.
It’s the good time to settle in Cagayan de Oro to start your business and also to enjoy the charm of this wonderful city with your family.
For all your questions about real estate, either for your yourself or your company, feel free to contact me and I will be happy to assist you.