Iloilo News – Business Investment in Iloilo Philippines

Posted by Breaking News on April 19th, 2011 in World News

Iloilo News – More investments are coming in to this former Queen City of the South as it aspires to become the country’s Premier City by 2015.

Mayor Jed Patrick Mabilog on Monday disclosed the interest of the Super Max Rider International, a Korean company, to establish a theme park with an investment worth around P2 billion at the Mandurriao district here.

Company chairman Cha Jin Kook earlier signified the company’s interest to put up a theme park with 14 major rides and bigger than the Star City in Metro Manila. They are looking at a two-hectare lot between the Megaworld and SM City as the site for the investment.

Mabilog said that the company officials have already visited the cities of Bacolod and Dumaguete but they went back to this city.

“Among the three I think they favored Iloilo City. They are now asking for a certificate of no objection which we will be glad to issue,” Mabilog said.

The target is to start either in June and July and start its operation in October.
Mabilog added that if needed then his office would ask for a favorable endorsement from the Sangguniang Panlungsod here.

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