ILOILO CITY, Iloilo, Philippines — The city of Iloilo improved its rank in a study conducted by an international advisory investment research firm on global outsourcing destinations.

According to Mayor Jed Patrick Mabilog, Iloilo City ranked 92nd in the newly-released 2012 Tholons Top 100 Outsourcing Destinations. It was six points higher than its 2010 rank.

“Iloilo experienced a significant rise as aggressive development in infrastructure and capabilities development are pursued,” Tholons noted in the study.

Over the years, the city’s business process outsourcing (BPO) industry has grown with the entry of multi-billion investments, particularly in the city’s Mandurriao district.

These include the P1-billion Iloilo-Ayala Land Techno Hub and the construction of the P25-billion Iloilo Business Park at the old Iloilo Airport.

“This shows that Iloilo City is really making a mark as an international outsourcing destination,” Mabilog said.

“We can use this recognition in attracting and inviting outsourcing companies and investors to the city,” Mabilog added.

Iloilo City has previously been included in the Top 10 BPO hubs in Asia-Pacific by global network firm KPGM.

Business Process Association of the Philippines (BPAP) also named the city one of the Top Ten Next Wave Cities in the country.