More IT firms to invest in CDO

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Leading foreign and local players in the information technology (IT) industry are expected to put up shops here following the city’s hosting of the recently held 9th National ICT Confederation of the Philippines (NICP) Summit, a city official said.

NICP, an umbrella organization of information and communications technology (ICT) councils in the country, named Cagayan de Oro and nine other cities last year as “next wave” cities.

Eileen San Juan, the city’s local economic and investment promotions officer, said Cagayan de Oro has what it takes to be the new IT hub not just in the region but in Mindanao.

Proof of this, San Juan said, is the presence of business process outsourcing (BPO) facilities in the city.

Before coming over, she said, BPOs expect all the infrastructures needed for their business to be already in place, not before.

“When you say ‘next wave city,’ investors will know what you have, what you’re capable of,” she told reporters on the sidelines of the two-day summit held in a hotel here from Nov. 16-17.

For an urban center to be categorized as next-wave city, it must have the infrastructure and a business-friendly environment.

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