The Global Acceleration Center project of PricewaterhouseCoopers (PwC) in the Philippines will generate at least 5,000 new jobs and help boost the growth of the business process outsourcing (BPO) and tech sectors in the country.

The Department of Trade and Industry (DTI) said the project will focus on high-value BPO sectors, including artificial intelligence (AI), cloud computing, and cybersecurity. The job generation from the initiative will be in the thousands within three to four years.

"We are deeply grateful for PwC's decision to launch this new project in the Philippines and their continuing confidence in our country as a global BPO partner," Trade Secretary Alfredo Pascual said in a statement.

The project is an offshoot of the engagements of Pascual during the US-Japan-Philippines trilateral meeting in the United States on April 12, 2024, resulting in a meeting with PwC.

Isla Lipana & Co., the Philippine member firm of the PwC network, also anticipates hiring an extra 1,000 to 2,000 workers to meet the Global Acceleration Center project’s manpower requirements.

With the project sure to get off the ground, Pascual recognized the important role of the information technology and business process management (IT-BPM) sector for the Philippines, which aligns with the Technology, Media and Telecommunications Cluster identified in DTI's Science, Technology and Innovation industrial strategy.