NEW YORK -- Iceland is set to build its first stand-alone
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 a
privately 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.