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.”
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