CEO Profiles: Edgar Saavedra
Frequently Asked Questions
Edgar Saavedra is a prominent figure in Philippine infrastructure development and the founder of the Megawide-Citicore group of companies. He currently serves as the Chairman, President, and CEO of Megawide Construction Corporation, while also holding the Chairmanship for Citicore Renewable Energy Corporation and Citicore Energy REIT Corp. His leadership extends across various sectors, including real estate through PH1 World Developers and transport via MWM Terminals.
Under Saavedra’s leadership, Megawide has completed several landmark large-scale projects that are critical to the country's transport and social infrastructure. These include the Mactan-Cebu International Airport, the Clark International Airport, and the Parañaque Integrated Terminal Exchange (PITX). He was also responsible for the Public-Private Partnership (PPP) for School Infrastructure Project and the redevelopment of Cebu’s Carbon Public Market.
Saavedra is known for uplifting Philippine construction standards by introducing global innovations and new ideas from European and Japanese experts. A key component of his technical strategy is the implementation of precast technology, which aims to match international benchmarks for efficiency and quality. He maintains a core value of delivering results that are "world class" and significantly higher than standard industry expectations.
Edgar Saavedra has been consistently recognized for his executive excellence, notably winning the Gold award for Best CEO in the Philippines from FinanceAsia in both 2024 and 2025. Other significant accolades include the Entrepreneurial Excellence Award from The Business Manual in 2024, the Real Estate Personality of the Year Award from PropertyGuru in 2020, and the DLSAA LaSallian Achievement Award from his alma mater, De La Salle University, in 2022.
Saavedra evaluates projects based on a triple-impact framework: they must benefit the country or community, provide value to employees, and remain business-viable. He views the company’s current status as a result of "multiple small wins" rather than a single success. Furthermore, his shift toward government projects was influenced by a desire to look beyond financial metrics and focus on the social and community perspective.
