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Manila Bulletin devider Business devider The Stock Market devider Megawide bags ₱10-billion contracts from Megaworld

Megawide bags ₱10-billion contracts from Megaworld

Published Oct 15, 2025 10:08 am
Megawide Construction Corp. has bagged about ₱10 billion worth of contracts from top township developer Megaworld Corp. for the construction of residential towers in Uptown Bonifacio and Newport City.
In a disclosure to the Philippine Stock Exchange (PSE), Megawide said it has secured two new multi-billion contracts covering civil, structural, and architectural works, as well as mechanical, electrical, plumbing, and fire protection (MEPF) for Megaworld projects.
These come after the numerous developments both companies have worked on in the past.
“We are very excited to again work with Megaworld, who has been our long-standing client. Our partnership with them is built on the shared pursuit of sustainability, excellence, and speed-to-market, which have defined both our organizations’ brand and track record,” said Megawide President and Chief Executive Officer (CEO) Edgar Saavedra.
He added that, “We intend to cultivate this further by providing them products and services that meet their very strict quality and workmanship standards.”
The two projects are Uptown Modern and One Portwood—both residential offerings in Megaworld’s township developments.
Uptown Modern is the newest addition to the high-rise residential towers in Uptown Bonifacio, which is designed with “form and function in mind and sets a new standard for modern living.”
One Portwood, on the other hand, is a residential condominium located in Newport City, right across Ninoy Aquino International Airport (NAIA) Terminal 3, which features world-class amenities in a prime location.
Megawide said it will again leverage on its first-world expertise in engineering and construction methodology, anchored on its pre-cast technology and integrated construction solutions.
These were earlier showcased in Megaworld developments such as The Worldwide Plaza, Albany Luxury Suites, Newport Link, International Finance Tower, and Gentry Manor, among others.
“Our strategic partnership with Megawide has been built on a foundation of trust, and we applaud the consistent excellence they bring to every project,” said Megaworld Head of Operations Jennifer L. Romualdez.
She noted that, “We are proud to collaborate with a top-tier construction company like Megawide as we turn our vision for our integrated townships like Uptown Bonifacio and Newport City into reality.”
The contracts with Megaworld form part of the ₱20-billion new contracts the company has been negotiating to bring its order book to ₱50 billion by year-end, which includes contracts with other clients, such as San Miguel Corp. (SMC) subsidiary Trans Aire Development Holdings Corp., DoubleDragon Corp., 8990 Holdings Inc., Landers Superstore, and Citicore Power Inc.
Megawide is also targeting a healthy mix of residential, commercial-industrial, and infrastructure projects to maintain a balanced, sustainable, and diverse order book that will provide long-term revenue visibility and stability.

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Megawide Construction Corporation Megaworld Corporation Edgar Saavedra
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