It was reported before that Ubisoft is considering the Philippines to be their next place to set up their gaming studio and the good news doesn’t stop there as per Interaksyon report, major gaming companies sees the Philippines as there next destination for their gaming studios.
These major gaming companies who are planning to put up their studio in the Philippines are Electronic Arts, Blizzard Entertainment, Microsoft Game Studios, Square Enix, Sony Computer Entertainment, Bandai-Namco Entertainment, Sega, Nintendo and even China-based company Tencent.
Ubisoft, who plans to add Philippines in their long list of international game studios is expected to make an appearance at this year’s Electronic Sports and Gaming Summit (ECGS) happening on October 24-25 at SMX Convention Center, Mall of Asia Complex, Pasay City, Philippines.
According to Alvin Juban, President of the Game Development Association of the Philippines (GDAP), they are now helping these companies to find their local partners as Philippine Law requires all foreign investors to have a local partner before they could set up their business in the country.
Juban also added that the studios are still conducting due diligence, although he said he is “fairly confident” that at least one deal will push through.
“The biggest reason I see is the reality of the global market. China has become very, very expensive so all the guys here said that they really need to relocate their hubs,” Juban said.
This is definitely a great news, not just for Filipino game developers and gamers, but also to Philippine economy.