Lisbon secures Web Summit until 2028

in World · 04-10-2018 09:42:00 · 1 Comments

The Web Summit, the world’s biggest technology and entrepreneurship event, will continue being held in Lisbon until 2028.

A source involved in negotiations revealed on Tuesday night that Portugal and the event’s organisers would confirm the news on Wednesday.
A ceremony was held on Wednesday morning at 10am and was attended by Portugal’s Prime Minister António Costa, Lisbon Mayor Fernando Medina, and Paddy Cosgrave, CEO of the Web Summit, to make the official announcement on the
The trio confirmed that a deal was signed to keep the event in the Portuguese capital for another ten years until 2028.
Lisbon beat off stiff competition from cities such as Madrid, Berlin and Valencia, which were all vying to host the event.

The annual tech event draws tens of thousands of participants; it It was started in Ireland in 2010 and moved to Lisbon in 2016.
Last year, according to organisers, it drew some 60,000 people from 170 countries,
including 1,200 speakers,
2,000 startups, 1,400 investors and 2,500 journalists.
According to the Ministry of Economy, the Government has invested €1.3 million per year in the event. In terms of return, the event is estimated to bring in
more than €300 million per year just in services related to
accommodation and transport provided to participants. This
year it runs from 5 to 8 November, at Lisbon’s Altice Arena.


web summit will continue up to 2028 way they don't split Lisbon ,Porto Everything done in POTUGAL is in Lisbon please way cup politicians ,Portugal is not Lisbon and algarve and the rest scenery.

By rosa pinto pereira de sousa from Other on 07-02-2019 02:25
Interactive Topics, send us your comments/opinion on this article.

Please note that The Portugal News may use selected comments in the printed edition of the newspaper.