Welsh Government has agreed in principle to form a joint venture partnership with Wesley Clover, the parent company of Celtic Manor Resort, to move forward proposals to construct an international convention centre on the grounds of the resort in Newport, Economy Minister Edwina Hart has announced.
The proposed £80m facility will be capable of accommodating up to 5,000 delegates with a total floor space exceeding 20,000 square metres. It is expected that the new international convention centre could be completed and ready for use in 2019.
Minister for Economy, Science and Transport Edwina Hart said: “The new convention centre will provide a considerable economic boost to Wales. The 2014 NATO Wales Summit and the 2010 Ryder Cup demonstrated that Wales and the Celtic Manor Resort have the ability to host events on a global scale. We need a world-class convention centre in order to capitalise on Wales’ growing reputation in this area, to host international events and conferences on a regular basis.”
Sir Terry Matthews, Chairman of Wesley Clover, said: “I am delighted that we have reached this agreement in principle with the Welsh Government. I am confident the new convention centre, and the joint venture company, will be a financial success.”
Celtic Manor Resort www.celtic-manor.com
In each month and year listed below every article that has ever appeared in golfbusinessnews is reproduced in reverse date order.