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SNIEC Speeds up Expansion

Shanghai Pudong Land Development Corporation, Messe Duesseldorf, Deutsche Messe (Hanover) and Messe Munich, shareholders of Shanghai New International Expo Centre Co.,Ltd.〔SNIEC), agreed unanimously to speed up the expansion of exhibition space at SNIEC.

The expansion is expected to increase the total indoor floor space to 103,500 sqm and the total outdoor area to 100,000 sqm by 2006. The preparations for the construction of two additional halls with a floor space of 23,000 sqm have already started. This round of expansion will bring the total investment up to more than USD 225 million.

SNIEC will be gearing up for the full completion of all SNIEC facilities and capacity before 2010. By then, the indoor space will comprise 200,000 sqm and the outdoor area 130,000 sqm.

Further expansion is urgently needed to satisfy the increasing space demands of existing customers. In 2004 SNIEC has experienced an unprecedented growth of business. The contracted space in 2004 is nearly 1.9 million sqm, ranking number one in the industry in Asia-Pacific.

The expansion of SNIEC shall cement its market leadership in China and secure Shanghai’s leading position as an exhibition hub in East Asia.

SNIEC started to operate in 2001 and is considered a state-of-the-art exhibition centre by the industry. The solid and very rapid development of business in the first three years of operation gave the shareholders confidence to commit further investment in SNIEC.

Source: Shanghai New International Expo Centre, 16 December 2004

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