in economic terms and population as decades passed since the founding of TADECO and numerous businesses were then set up locally, until the conditions finally warranted for its conversion into a city. Cityhood The local government unit of Panabo was created into a component city of Davao del Norte by virtue of Republic Act No. 9015 and ratified by the residents in a plebiscite held on March 31, 2001. However, its official existence as a municipal corporation took effect on with the appointment of new set of officials. Geography The city of Panabo has a total land area of 251.23 km2. It was bordered by the shores of Davao Gulf to the east, by Davao City to its west and south, and some of the municipalities of Davao del Norte in the north. The western part of the city featured hills while the rest were flatlands. Climate Barangays Panabo is politically subdivided into 40 barangays. Quezon was formerly the sitio of Cabili; it became a barrio in 1957. Demographics Economy Being an agro-industrial city, Panabo is known as the "Banana Capital of the Philippines" due to numerous banana plantations scattered throughout the city. In fact, Panabo is the home of the world's biggest banana plantation, which is owned by the Tagum Agricultural Development Company (TADECO), which covers around 6,900 hectares of banana fields and produce millions of boxes of export-quality bananas annually. The city itself cultivated 40% of its land or around 10,000 hectares into planting export-quality Cavendish bananas. Thus, banana cultivation and exportation are the main economic lifeblood of the city. Infrastructure There are two privately owned port facilities in the city, which enabled them to export various fruits, such as bananas, mangoes, papayas, and pineapples, to countries like Japan, South Korea, China, and countries as far in the Middle East and the European Union. Public infrastructure includes the Freedom Park which features a unique banana inspired fountain sculpted by the world class artist Kublai Millan. The Panabo Multi-Purpose Cooperative Tourism Gymnasium, located beside the City Hall is also a public infrastructure, the gymnasium accommodates an estimated ten-thousand people and also serves as playing venue of the Philippine Basketball Association as well as serving concerts for the city. Transportation Panabo is served by the 6-lane Maharlika Highway and is a highway road junction heading to the TADECO banana plantation as well as to other parts of Davao del Norte