New infrastructure projects will ensure Sydney is perceived as an even-more successful global business events destination, according to NSW deputy premier Andrew Stoner and international leaders speaking at a Business Events Sydney (BESydney) seminar earlier this week.
Stoner and others said proposed infrastructure projects in Sydney will impact on the city's future business events growth, and there is a need for the city to collaborate and innovate to capitalise on those opportunities.
“On top of creating economic value for the State through tourism receipts, business events provide a platform for knowledge exchange and innovation, to build networks and encourage trade and investment,” said Stoner.
“The NSW government is committed to delivering a world class exhibition and convention centre and will continue to support the business events industry – an industry that delivers a difference to both the economy and to people’s lives.”
Jon Hutchison, chief executive of BESydney said: “With the significant infrastructure development and renewal slated for Sydney, it’s important that we as a city understand the value of the opportunity created.”
“Sydney is a world leader. We are ranked the #10 global business events destination, and hold the #2 position in the Asia Pacific region. This is a remarkable achievement and has come about despite competing cities investing heavily in infrastructure and supporting bids. A top five global ranking is entirely possible.
“Despite what some may think, Sydney has not lost its mojo and Sydney’s world standing will be a strong base for growth in the future. It is up to us, all of us, to capitalise on this.
“There are exciting plans on the drawing board, and under way, including the refresh and redevelopment of the Sydney Convention and Exhibition Centre and Darling Harbour precinct, the much discussed Barangaroo project, the refurbishment of Star City and other great new projects.
“These developments are essential for Sydney to maintain its place as a leading international host city for corporate, professional and association conferences and exhibitions.
“The timing is right. And there is an immense opportunity for Sydney to make the most of a significant shift taking place in the world congress and meetings environment.
“Not only is Asia growing at an astounding rate, business events are growing rapidly both in volume and size. And the implications for Australia and Sydney are significant.”
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