Panabo City's economy is expected to get a big boost with the infusion of at least P100 million for the construction of the Gaisano Grand Mall of Panabo which opened its doors to the public last October 18, 2008. Residents of Panabo used to travel at least an hour to Davao City for their shopping needs. Prior to the opening of Gaisano, residents of Panabo had to shell out at least P100 for their fare going to the Davao City malls so most of them only went to the mall once a year. With the opening of the city's first mall however, Panabo residents can now go to the mall everyday.
With 72 commercial spaces, a spacious grocery store on the ground floor and a department store on the second floor, the 3.5 hectare Gaisano Grand Mall of Panabo is a testament not only to the city's growing economy but also to the efforts of the Panabo City officials in encouraging investors to invest in the city.
Gaisano Grand Group of Companies chair Benito Gaisano said they did not experience any red tape in the processing of their papers making Panabo City a sure investor-friendly city. Once fully operational, the mall is expected to provide at least 2,000 employment opportunities to the city.
The mall aims to serve the 170,000 residents of Panabo City as well as the nearby town of Carmen. The mall management has promised to offer god quality merchandise at very low prices comparable to the price being offered by Gaisano Cebu.
thanks to junax for the photos
