Demand for exhibition space to surge
By Richard Fu |
November 2, 2012, Friday
|
Print Edition
Print Edition
SHANGHAI expects a more than 50 percent growth in annual demand for exhibition space by 2015 as the city continues to build large facilities to meet a supply shortfall.
The city hosted 674 fairs last year, which spread over a combined exhibition area of 9.53 million square meters. The area was 18.5 percent more than a year earlier, according to the Shanghai Commerce Commission.
Shanghai may need 15 million square meters of exhibition space in 2015, Zhang Xinsheng, the commission's vice director, said.
The available exhibition space at Shanghai's 10 main venues total 368,000 square meters, Zhang said. "That's inadequate," he said yesterday.
He added construction of the China Expo Convention & Exhibition Complex may be completed by the end of 2014.
The facility, located in Qingpu District and within the Hongqiao commercial hub, will have an exhibition area of 500,000 square meters and be the world's largest of its kind. It will almost double the size of the Shanghai New International Expo Center, the city's largest at present.
As Shanghai aims to become a global trade center, officials are also interested in the exhibition industry which can help boost trade and related industries. Each yuan (16 US cents) directly earned through exhibitions generates 9.3 yuan for relevant industries due to the large number of visitors and logistics demands, according to the Shanghai Convention and Exhibition Industry Association.
The commission said Shanghai lured 40 multinational firms to set up regional headquarters in the first nine months.
The city hosted 674 fairs last year, which spread over a combined exhibition area of 9.53 million square meters. The area was 18.5 percent more than a year earlier, according to the Shanghai Commerce Commission.
Shanghai may need 15 million square meters of exhibition space in 2015, Zhang Xinsheng, the commission's vice director, said.
The available exhibition space at Shanghai's 10 main venues total 368,000 square meters, Zhang said. "That's inadequate," he said yesterday.
He added construction of the China Expo Convention & Exhibition Complex may be completed by the end of 2014.
The facility, located in Qingpu District and within the Hongqiao commercial hub, will have an exhibition area of 500,000 square meters and be the world's largest of its kind. It will almost double the size of the Shanghai New International Expo Center, the city's largest at present.
As Shanghai aims to become a global trade center, officials are also interested in the exhibition industry which can help boost trade and related industries. Each yuan (16 US cents) directly earned through exhibitions generates 9.3 yuan for relevant industries due to the large number of visitors and logistics demands, according to the Shanghai Convention and Exhibition Industry Association.
The commission said Shanghai lured 40 multinational firms to set up regional headquarters in the first nine months.
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