The Indonesian-language Bisnis Indonesia reports (10/5) that Singapore investors have approached the management of the Garuda Wisnu Kencana (GWK) Monument Park to explore the possibility of building a convention center at the park site.
According to Mr. Putu Agus Antara, a Director of GWK who also serves as the Chairman of the Bali Tourism Board (BTB), the group of overseas investors are interested in building a meetings and exhibition center targeted for completion in 2004 that will be capable of handling 5,000 visitors.
The BTB Chairman went on to explain that the yet unnamed Singapore investors feel that Singapore's meeting and conference venues are approaching their maximum carrying capacity and Bali offers an attractive alternative to the Southeast Asian bound meeting, incentive, conference and exhibition (MICE) market.
If completed, the proposed new Bali conference center at GWK would be double the size of the largest conference facility now operating on Bali. Presently, the island's largest meeting hall at the Bali International Convention Center (BICC), can accommodate 2,500 people.
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