The next annual meeting of the World Economic Forum (WEF) will take place in a new congress centre, built to hold 5,000 people.
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swissinfo.ch and agencies
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.
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The World Economic Forum was founded in 1971 by Klaus Schwab, a business professor in Switzerland. Beyond meetings, the Forum produces a series of research reports and engages its members in sector specific initiatives. It is funded by its 1,000 member companies. The typical member company has more than $5 billion in turnover.
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