Cagayan de Oro is one of the fastest growing cities in the country and was declared a “Highly-Urbanized City” by the Ministry of Local Government last November 22, 1983. Cagayan de Oro is known by many nicknames such as “Gateway to Northern Mindanao”, “City of Whitewater Rafting and River Trekking”, “ICT Goldmine of the Philippines” and “A City in Bloom, in Blossom, and in BOOM!”. Officially, Cagayan de Oro is known as “City of Golden Friendship”. The city is a fast rising and bustling city in Northern Mindanao. It is considered as the melting pot of Mindanao, Philippines because of its accessibility, business growth, attractions and most of all it’s warm and hospitable people.
Cagayan de Oro City lies along the northern coastline of Mindanao, Philippines. Classified as a first class city, CdeO serves as the regional center and the most populous highly-urbanized city in Northern Mindanao (Region X). Latest population census revealed the city has an estimated 553,996 inhabitants. It is also the capital of the province of Misamis Oriental.
Cagayan de Oro is a favorite destination among businessmen because of its stable peace and order, urban amenities, active private business sector, good banking system and credit facilities, strategic location of Cagayan de Oro vis-à-vis international and domestic markets, center for transportation and communication and many shopping centers and convenience stores. The city’s business climate continue to rise with opening of new business establishments everywhere.
The city is also a favorite among nature lovers and adventurers because of its famous whitewater rafting. Other tourist destinations include Malasag Eco-Park, Mapawa Nature Park, Macahambus Park and Gorge and Guadalupe Shrine. Cagayan de Oro is also the jumpoff point for the island paradise of Camiguin and other interesting places such as Divine Mercy Shrine in El Salvador, Misamis Oriental and the Canopy Walk in Claveria, Misamis Oriental. Because of the influx of tourists both local and foreign, the city’s hotel demand is fast rising. In the past few years, new hotels had opened, current hotels are undergoing expansion and more hotels and in the pipeline to meet the demand.
Also being a convention city, the city hosts numerous conventions and other large gatherings every year. More and more people keep coming back to the city.
Despite the global recession, the city is currently having a construction boom, similar to what the city experienced in the mid-1990s. With its strategic location and the impending opening of the under construction Laguindingan Airport, the city’s progress is on a high note.