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2016 Singapore Airshow contributed nearly S$329m to local economy
THE Singapore Airshow (held on Feb 16-21) brought in nearly S$329 million to the local economy this year as over 130,000 trade and public visitors made their way to the biennial event.
This is according to a survey conducted by Kadence International, which tallied the amount spent by exhibitors, trade attendees, visitors and tourists. This included flights, accommodation, the rental and set-up of exhibition spaces, transportation, client entertainment, food and beverage, leisure activities and shopping.
Over 1,000 companies from 48 countries and regions - including 65 of the top 100 global aerospace companies - participated at the Airshow this year. Some 286 VIP delegations from 90 countries and regions also attended the event.
The Airshow also welcomed more than 48,000 trade attendees, of which 30 per cent were from overseas comprising 143 countries and regions. This represents an increase of 7 per cent increase in trade attendees year on year.
"As the key gateway to the Asia-Pacific aviation market, the Singapore Airshow offers immense potential for global and regional companies to establish new business relationships within the region," said Leck Chet Lam, managing director of organiser Experia Events.
"The Singapore Airshow remains a global marketplace and networking powerhouse for the aviation community by providing the platform of choice in the region for executives from top aerospace companies to network and build partnerships," said Lim Kok Kiang, assistant managing director of the Singapore Economic Development Board.