Philippine developer Megaworld to invest $6.3bn in 5-year push

Group looks beyond Metro Manila to build tourism and outsourcing facilities

20230619N Philippine mall

Megaworld has developed malls and commercial facilities in Manila. (Photo by Yuichi Shiga)

YUICHI SHIGA, Nikkei staff writer

MANILA -- Leading Philippine developer Megaworld plans to invest 350 billion pesos ($6.28 billion) on urban development and other projects over five years through 2027, accelerating the construction of hotels, offices and commercial facilities outside Metro Manila.

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