Hannover Fairs Named Operator of New Indonesian Venue
Hannover Fairs International, a subsidiary of Deutsche Messe, has been named as the operator of the new Indonesia Convention Exhibition (ICE) centre. ICE is currently under construction in BSD City located on the outskirts of Jakarta, and is expected to open in early 2015. The new venue will reportedly consist of 50,000 m2 of indoor exhibition space, 50,000 m2 of outdoor space, and a convention centre offering 4,000 m2 of floor space.
The contract signing took place in Jakarta on 8th July 2014 with venue investors PT Indonesia International Expo (PT IIE) and Media Sinar Global (MSG), and Hannover Fairs International. PT IIE is a subsidiary of Sinarmas Land Group and Kompas Gramedia Group, one of Indonesia’s leading real estate developers and media companies, respectively.
The partners will establish a joint venture company, PT Deutsche Messe Venue Operations Indonesia, as a result to operate the venue. Hannover Fairs International will hold a 51% stake in the joint venture.
Danny Budiharto, PT IIE’s president director, said, “With a total investment of Rp3.8 trillion (US$327 million), we believe our investment will not only benefit us, but also the city, which currently has only two convention centres namely the Jakarta Convention Center and JIEXPO in Kemayoran. We hope that this will also help boost the growth of the MICE business in Indonesia.”