27 Sept 2007
Ceremony Marks New Phase in HKCEC Expansion
Addition Promises Huge Economic Benefits for Hong Kong
September 27, 2007 - A new phase in the Hong Kong Convention and Exhibition Centre's (HKCEC's) HK$1.4 billion expansion project was inaugurated today by Hong Kong Trade Development Council (TDC) Chairman Peter Woo. The ceremony today took place on the project site, alongside the existing exhibition centre.
Four sets of steel structure stretching over 100 metres will be installed across the two sides of the channel. These structures are the longest of its kind ever used for a building in Hong Kong. Huge bearings to be used as cushion between the steel stuctures and supporting columns are also the largest of its kind in Hong Kong buildings.
The expansion project, which began in mid-2006, is scheduled for completion by early 2009. It will create 40 per cent more exhibition space - an additional 20,000 square metres - to the HKCEC.
Mr Woo noted that the expanded HKCEC would enable at least five of Hong Kong's leading fairs - the electronics, gifts, toys, jewellery and lighting shows - to grow, with each having the potential to become the largest of its kind in the world.
Financed independently by the TDC, the expansion will be achieved without reclamation and almost entirely within the HKCEC's existing space.
The economic benefits to Hong Kong are enormous, according to TDC. In its first year of operation, the expansion is expected to add:
- HK$1.46 billion net expenditure to the economy, a total greater than the project's construction cost
- 76,500 more exhibition-related visitors
- 3,600 new jobs
Mr Woo emphasised that the expansion project is only an interim measure to respond to unmet demand and growing regional competition.
"Any international trade fair must be at least 100,000 square metres to attain the necessary critical mass to survive," said Mr Woo.
Upon completion of the expansion, the HKCEC's total exhibition area will be 66,000 square metres, still considerably under the desired 100,000 square metres.
"If you are not able to join the so called 'One Million S.F. Club', you will probably be out of the competition," said Mr Woo.
Hong Kong's exhibition industry is facing increasing challenges from neighbouring cities, where more than 900,000 square metres of exhibition and convention facilities have come on stream in the past three years.
The TDC is examining the possibility of expanding the HKCEC further, and plans to develop a proposal for discussion with the government.
"This is a matter that calls for the collective wisdom of the community, the industries and the government to come up with an acceptable way to move forward, "said Mr Woo.
Please contact the TDC's Media and Public Affairs Department:
Tel: 2584 4510
About the TDC
Established in 1966, the Hong Kong Trade Development Council (TDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With 40-plus offices worldwide, including 11 in the Chinese mainland, the TDC promotes Hong Kong as a platform for doing business with China and Asia. The TDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and the mainland, while providing information via trade publications, research reports and online. For more information, visit www.tdctrade.com.