Friday, July 11, 2014
News this week: Thailand’s Bangkok International Trade and Exhibition Centre (BITEC) announced construction work to expand the venue has begun. The Bhiraj Buri Group, owner and operator of BITEC, will reportedly invest a total of US$187 million into the expansion project, which is scheduled for completion in the fourth quarter of 2016.
According to BITEC, the expansion will add more than 37,800 m2 of exhibition space over four exhibition halls, as well as three conference halls and a 29-storey office building. Upon completion, BITEC will offer around 70,000 m2 of exhibition space over 10 halls along with six conference halls.
Ms. Panittha Buri, managing director of BITEC, was quoted saying, “In 2013, the company achieved the occupancy growth by 27%. Therefore, the company invested in the second phase of BITEC on an area of more than 37,800 square meters. Coupled with the existing usable space for exhibition at 32,000 and conference at 5,800 the total of BITEC’s exhibition space will expand to 70,000 square meters. The construction is scheduled to finish by 2016.”