News this week: In a bid to develop the local conference
industry, the City of Sydney will invest A$1.5 million (US$1.6 million) in Business Events Sydney
(BESydney) over the next three years.
The independent,
not-for-profit BESydney is set to receive A$500,000 (US$533,000) annually in
the next three years to promote the city as a global business events
destination. BESydney has reportedly confirmed 103 events for Sydney which will
bring an estimated US$241 million and attract 58,000 visitors.
Deputy premier of
New South Wales (NSW), Andrew Stoner, said, “As part of an aligned economic
development strategy, these events also stimulate trade and investment
opportunities for local businesses, fuel knowledge exchange, and more broadly
promote innovation and productivity.”
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