Commercial developers interested in building and managing the planned Punta del Este Convention Center had until last week to submit letters of interest, and no fewer than 24 submitted proposals to Uruguay’s National Development Corporation.
The Punta del Este Convention Center will be a seven-building complex built on a 12 acre parcel north of town next to the El Jaguel Airport. The state-of-the-art glass and steel facility will feature 193,000 square feet of convention space spread out among six buildings capable of hosting one giant industry event for 10,000 attendees or up to 18 smaller events simultaneously.
The Convention Center has been a top priority for Uruguay’s Ministry of Tourism which envisions the facility as a magnet for more year-round business and expo tourism in Punta del Este. Plans for the US$30 million dollar facility also include a restaurant, VIP lounges, meeting rooms, translation facilities, two outdoor amphitheaters and three large parking areas with 500 spaces.
Almost all of the proposals came from international developers, many of them from Spain, which is understandable considering the building and tourism boom in Uruguay compared to the employment and construction stagnation in Western Europe. In fact, Spain’s six largest construction companies including ACS and OHL today generate 60% of their revenues thanks to projects in Latin America. (Full Story in Spanish)
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