IEG: The arrival in singapore with stb and the acquisition of two new trade shows for jewellery and food
- Italian Exhibition Group and Singapore Tourism Board have signed a Memorandum of Understanding (MoU) for the development of trade shows and conferences, presented today in Singapore in conjunction with the first Asia CEO Summit
- Statements by IEG´s CEO Corrado Peraboni, IEG´s International Business Development Director Francesco Santa and Singapore Tourism Board´s Executive Director, Exhibitions and Conferences Poh Chi Chuan
- The Sije - Singapore International Jewelry Expo and the trade show with the three food brands, Cafè Asia, Sweet and Bakes Asia, Restaurant Asia, have been acquired from CEMS-Conference & Exhibition Management Services
Rimini (Italy), 5th October 2022 - IEG has strengthened its presence in Asia. Italian Exhibition Group, which, with its facilities in Rimini and Vicenza, is a leading company in the organisation of trade show and conference events in Italy and abroad, and Singapore Tourism Board, the leading economic development agency in tourism under the Singapore Ministry of Trade and Industry, have signed a Memorandum of Understanding (MoU) to support the development and organisation of new IEG events in Singapore and the strengthening of the entire MICE (Meetings, Incentives, Conferences and Exhibitions) ecosystem within the city-state.
IEG will open its own regional headquarters in Singapore following up on its industrial expansion strategy in the ´city of lions´, where it also recently signed a letter of intent (LOI) with CEMS-Conference & Exhibition Management Services for the acquisition of two strategic trade shows in the luxury and food segments in which IEG already boasts a leading role: namely, Sije - Singapore International Jewelry Expo and Cafè Asia, Sweet and Bakes Asia, Restaurant Asia.
Corrado Peraboni, CEO of IEG: ´The partnership with Singapore Tourism Board marks another important step forward in IEG´s internationalisation process and consolidates its presence on the Asian continent. Singapore currently boasts a highly developed economic structure based on services and manufacturing with high added value. This is an important piece in a strategy that, in every respect, aims to establish IEG as a ´community catalyst´ for the industries its events represent by taking them to the most promising markets, generating value also in terms of business for exhibiting companies, associations, authorities, and all the stakeholders.´
Poh Chi Chuan, Executive Director, Exhibitions and Conferences, Singapore Tourism Board: ´We are heartened by the Italian Exhibition Group´s (IEG) decision to anchor their regional headquarters in Singapore, and we look forward to welcoming more internationally renowned event brands to our city. This new partnership is testament to Singapore´s solid economic fundamentals and our standing as a Global-Asia Node for MICE and business. We look forward to deepening our partnership with IEG as they expand their presence in Singapore and the region through a vibrant line-up of exhibitions and conferences.´
Francesco Santa, International Business Development Director IEG: ´Today´s signing is a source of great pride and satisfaction. Singapore Tourism Board and IEG thus begin a long-term collaboration, confirming the global expansion of our Group, which has now taken a decisive step towards the development of its products in Singapore and the entire South East Asian region. Further proof is the agreement signed with CEMS for the acquisition of the jewellery and food shows. The valuable exchange of know-how and innovation between IEG and Singapore will contribute to strengthening trade relations with the ASEAN region, of which Singapore is the hub, with growth rates among the highest in the entire world.´
PRESS CONFERENCE ANNOUNCEMENT
The announcement of the MoU was made at the Singapore Tourism Board´s (STB) Memoranda of Understanding (MoU) signing ceremony held at The Fullerton Hotel in Singapore, and in conjunction with the first ASIA CEO Summit (5th – 7th October 2022), co-organised by SACEOS, AEO, SISO, UFI .
According to the protocol, IEG and STB will join forces to support the organization of new events in Singapore. The blossoming of possible international brand leaders will help strengthen the Lion City as a strategic regional and global hub for business tourism.
IEG IN ASIA
IEG is already present in Asia with top international brands: in the Arab Emirates, with Dubai Muscle & Active Show (28th - 30th October 2022), the Middle East´s leading fitness and bodybuilding exhibition, and JGT Dubai (12th – 14th February 2023), one of the world´s major jewellery shows; in the People´s Republic of China with CDEPE - Chengdu International Environmental Protection Expo (2023), the leading exhibition on green technologies and Sigep China (organized by EAGLE, a company of IEG), the trade show dedicated to gelato, pastry, bakery and coffee that will be making its debut in 2023 (10th – 12th May) in Shenzhen, in partnership with Koelnmesse.
FOCUS ON ITALIAN EXHIBITION GROUP
Italian Exhibition Group S.p.A., a joint stock company listed on Euronext Milan, a regulated market organised and managed by Borsa Italiana S.p.A., has, with its facilities in Rimini and Vicenza, achieved national leadership over the years in the organisation of trade shows and conferences. The development of activities abroad - also through joint-ventures with global or local organisers, in the United States, United Arab Emirates, China, Mexico, Brazil and India, for example - now sees the company positioned among the top European operators in the sector.
PRESS CONTACT ITALIAN EXHIBITION GROUP – email@example.com
Elisabetta Vitali, head of corporate communication; Silvia Giorgi, international press office coordinator
This press release contains forecast elements and estimates that reflect the management´s current opinions (´forward-looking statements´), particularly regarding future management performance, realization of investments, cash flow trends and the evolution of the financial structure. For their very nature, forward-looking statements have a component of risk and uncertainty, as they depend on the occurrence of future events. The effective results may differ (even significantly) from those announced, due to numerous factors, including, only by way of example: food service market and tourist flow trends in Italy, gold and jewellery market trends, green economy market trends; the evolution of raw material prices; general macroeconomic conditions; geopolitical factors and evolutions in the legislative framework. Moreover, the information contained in this release does not claim to be complete, and has not been verified by independent third parties. Forecasts, estimates and objectives contained herein are based on the information available to the Company as at the date of this release.
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