Malaysia To Build Southeast Asia’s Largest Conference Venue
Oct 01, 2017

The Malaysia government said it will create the largest venue for meetings, incentives, conferences and exhibitions (MICE) in Southeast Asia in a drive to boost business tourism to the country, it emerged at the groundbreaking ceremony for the MyExpo project in Putrajaya on September 26.

MyExpo will have almost 140,000 square meters of MICE space for up to 60,000 people at a time and will absorb and enlarge the existing Putrajaya International Convention Center. Planned completion date is 2020, and the official opening is scheduled for 2021 at the latest.

Around the new conference center, MyExpo City will be built over an area of almost 370,000 square meters which will not only include the MyExpo center, but also house a mall, theme parks, serviced apartments and both a four-star and a five-star hotel. The whole city is projected to see annual revenue of close to $120 million when in operation.

MyExpo City is a development project by Putrajaya Leisures and Services Group Sdn Bhd (Pulse Group), a holding company wholly-owned by Putrajaya Corporation, a local government authority which administrates the territory of Putrajaya.

Malaysia’s Prime Minister Najib Razak described the new center as “yet another iconic project” for not only Putrajaya, but Malaysia as a whole.

“This will help make Putrajaya a city that truly caters for both business and leisure, not only for local residents, but also as a host for other nationals who are expected to live and work here,” he said during his speech at the groundbreaking ceremony of the project at Precinct 5 in Putrajaya.

Najib said the MICE sector was a rapidly growing part of the global tourism industry in which Malaysia’s MICE industry attracted 111,298 delegates to 153 events and generated $246 million in revenue last year. By 2020, business tourism was forecast to contribute $926 million to gross national income and generate 16,700 new jobs, he said.

SOURCE / Investvine

- ASIA TODAY News Global Distribution