Government Transfers Interests in AsiaWorld-Expo to Airport Authority

posted on 31st March 2022 by Eddie Saunders
Government Transfers Interests in AsiaWorld-Expo to Airport Authority

Airport Authority Hong Kong (AAHK) announced today that it has become the sole shareholder of AsiaWorld-Expo (AWE) upon the Government’s transfer of all its interests in AWE.

Before the transfer of interests, the Government and AAHK jointly owned AWE. In 2018, AAHK acquired the ownership of the company that manages and operates AWE.

AAHK is taking forward AWE’s Phase 2 development, which upon completion will house Hong Kong’s largest indoor multipurpose performance arena with over 20,000 seats and state-of-the-art facilities.

The Phase 2 expansion will also increase AWE’s total exhibition space to 100,000 square metres.

AWE is a prime venue in Hong Kong for conventions, exhibitions, sports, entertainment events, business showcases, and premium consumer-oriented events.

AWE is an integral part of SKYCITY, a core element of the Airport City development strategy.

Apart from AWE, SKYCITY also includes 11 SKIES, Hong Kong’s largest retail, dining and entertainment complex, as well as offices and hotels.

The expanded AWE will enjoy synergy with 11 SKIES and other SKYCITY developments, attracting visitors from overseas, the Greater Bay Area, and Hong Kong, propelling the development of Airport City into a destination of its own and contributing to the economic development of Hong Kong and the region.