The next annual meeting of the World Economic Forum (WEF) will take place in a new congress centre, built to hold 5,000 people.
After 20 months of building work, the complex will be ready for the WEF, which takes place in January 2011.
The current congress centre could host 3,000 people.
President of the Davos commune, Hans Peter Michel, reckons the SFr37.8 million ($38.7 million) cost of the centre is “an investment for the future of Davos”.
The resort has a longstanding tradition of hosting congresses, going back to the 1920s.
The congress industry in Davos employs around 650 people and brings the region SFr55 million a year, according to a study conducted by St Gallen University.
swissinfo.ch and agencies