Major meetings center planned March 09, 1999 Share 1 -- NEW YORK -- Iceland is set to build its first stand-alone conference center. Slated to open in three to four years, the 1,000-capacity center will emerge in the harborfront area of downtown Reykjavik, said Einar Gustavsson, director of the Iceland Tourist Board here.The $30 million project, funded by the Icelandic government, will include aprivately funded hotel. Construction will begin once a hotel investor signs on."Iceland is getting ready for serious meetings business," Gustavsson said. "This is a major breakthrough."Reykjavik's Radisson SAS Saga hotel currently houses the nation's largest conference venue, capacity 400.Although the arctic nation has attracted major meetings from Europe -- including American Express and IBM -- few U.S.-based groups have ventured to Iceland, Gustavsson said.The new technology-laden center should change that, he said.