Playtech Industries, a 10 billion dollar conglomerate that supplies online gaming software solutions is set to arrive on July this year to pledge and commit investments to Victorias City that includes developments in the ICT sector and a cyber school.
This was disclosed by Victorias City Mayor Francis Frederick Palanca after taking his oath of office before Silay City Judge Eunice Tan Cuansing and witnessed by Israeli Ambassador Effuie Ben Mityayau.
Playtech, an Israeli conglomerate is one of the key players in the world with regards to online gaming solutions. Victorias City is envisioned to be a cyber city in partnership with the Israeli government.
More developments with regards to ICT are in the pipeline such as hardware and software development, incubation and e-games, computer design, applications and website development. Victorias City is also into negotiations with the Israeli government to send Victorias workers to Israel and have other foreign companies set up their businesses in Victorias City.
That is why Victorias City will align its development plans with regards to the potential of foreign firms being based in the city.
“Through this growing partnership with the Israeli government, these initiatives are positioned to boost the economy of Victorias and the whole province as well,” Palanca said.
The employment created for the citizens of Victorias will also work in tandem in generating scholarships for students of the city. This will assure sustainable development in the future said the Israeli ambassador.
Also, a 40-megawatt solar power farm will soon rise in Victorias, Mayor Palanca said.