MEDAL Consortium founders led by Dr. Irineo Alvaro Jr., recently visited Legazpi City as a potential growth for its resort and hotel development projects.
Alvaro was assisted by his co-founders Marc and Ric Mercado, Edwin Lim and Jeff Del Mundo during the site inspection of prospective properties for development with a breathtaking view overlooking the world’s famous cone shape volcano, Mt. Mayon.
The expansion plan is partly inspired by the group’s on-going MIREJ Resort inside the Clark Freeport with nature as its centerpiece.
“Legazpi is a major economic hub in the Bicol Region. The city also has a fast-growing tourism industry with focus on adventure tourism and the city government is promoting Legazpi as an ideal location for ICT-BPO businesses, Medal will invest its egg into the nest, so vibrant and viable” Alvaro said.
“Legazpi is considered as the gateway to Bicol because of its relative proximity to the provinces of the region due to its geographical location. With an airport, seaport, bus and rail terminals, the city is accessible to all modes of transportation,” Alvaro added.
In 2018, Legazpi was ranked first in overall competitiveness among component cities by the National Competitiveness Council. The city also ranked first in infrastructure and second in economic dynamism.
According to Del Mundo, the Philippine Chamber of Commerce and Industry named Legazpi City as “most-business-friendly city” last year and it aims to be one of the top five convention destinations in Luzon by 2020.
Given all the economic fundamentals and indicators of Bicol Region and Legazpi as its center, Medal as a consortium wants to be part of the city’s booming economy.