DWTC unveils $2bn facilities
Dubai World Trade Centre (DWTC), one of the Middle East's leading exhibition and conference venue operators, has unveiled its plans for Dubai Exhibition World, a Dh8 billion ($2.17 billion) dedicated facility capable of hosting the world's largest and most prestigious exhibitions and events.
Revealed for the first time at the EIBTM trade exhibition in Barcelona, Dubai Exhibition World will provide one of the most advanced stages for major exhibitions and events, with phase one of the 300,000 sq m development offering 120,000 sq m of exhibition space at the centre of a three-million-square-metre dedicated site.
The new development represents the next stage in Dubai's ambitious plan to become one of the global centres for exhibitions and global gatherings, according to a DWTC official.
In the space of a few decades, the UAE's exhibitions and conference sector has expanded from a handful of dedicated events to a Dh12 billion ($3.27 billion) a year industry, with the annual rate of event expansion increasing by 15 percent a year in terms of visitors, with some exhibitions experiencing a 30 per cent year-on-year rise.
According to senior executives at DWTC, Dubai Exhibition World provides the full framework to enable this meteoric growth to continue. The Centre will be set in a major trade park offering hotels, serviced accommodation and commercial developments.