THE Philippine Economic Zone Authority (PEZA) officially designated Arcovia City as a new economic zone, with Megaworld Corp. signing a Registration Agreement (RA) to develop and operate it.

Represented by Executive Vice President and Chief Strategy Officer Kevin Tan, Megaworld signed the agreement with PEZA on May 21 to be the developer and operator of Arcovia City Information Technology (IT) Park in Ugong, Pasig City.

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