Industrial City of the South
Iligan City hosts over a dozen major manufacturing firms, among them a giant steel mill, chemical plants, cement factories, a flour milling company and many others. It is also hosts the Mindanao Regional Center of the National Power Corporation in Mindanao because of the number of hydroelectric plants located in the city. Mindanao's first hydro plant was built in the 1950s at the foot of the famous Maria Cristina Falls, which also spurred the construction of Iligan's various industries.
Iligan is the industrial, commercial and education center of the province of Lanao del Norte. As of August 1995, it is part of the reconstituted Region IX, together with Zamboanga del Sur, Zamboanga del Norte, Lanao del Norte, Misamis Occidental and the cities of Marawi, Tangub, Ozamiz, Dipolog, Zamboanga and Pagadian.
Before then, Iligan City was one of the three cities in the Central Mindanao region.
Central Mindanao is envisioned to emerge as one of the major agro-industrial centers in Mindanao and in the entire country. It thrives to greater inter-regional complementation specifically on basic industries and agricultural products with other regions in Mindanao.
The region boasted a 4.22-percent increase of its gross regional domestic product (GRDP) in 1993, the highest growth rate among all regions in the country. Intensified activities in the construction services and in the electricity, gas and water sectors propelled economic growth in the region.
Iligan City is a major contributor to the GRDP of Central Mindanao, which has risen significantly since 1990.
The economic performance of Iligan City is belied by its income in 1994 amounting to P438 million, 76 percent higher than of 1993.
Iligan City is classified as a highly urbanized city since 1983, a Class A chartered city.
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