José Vicente de los Mozos announces significant investments in strategic projects at IFEMA MADRID
On 13 July the president of the Executive Committee of IFEMA MADRID, José Vicente de los Mozos announced a battery of investments in a set of strategic projects for the institution. The measures will give significant impetus to its mission to stay at the forefront of the section in Spain and to become established as a leading leisure and entertainment venue, furthering its main line of diversification.
According to De los Mozos, among the first projects to launch after summer is over will be the transformation of the catering facilities at IFEMA MADRID, which will become a gastronomic hub. “We are investing more than 12.5 million to finance a strategic project that will start operating in September 2023 and is expected to turn over more than 121 million euros in the next ten years”.
Regarding diversification, a major strategic business area of the Institución Ferial de Madrid, it is committed to offering top-notch leisure and entertainment facilities to complement those available in the capital city with an investment project eagerly awaited by the country’s major show and concert production companies. According to the President of IFEMA MADRID, "We are adding new infrastructures to the current venue to create the Bulevar de los Musicales (Musicals Boulevard), which is expected to be operational in 2027. This will require an investment of around 40 million euros to build Madrid’s biggest-ever theatres". This will be an independent project on the IFEMA MADRID site and will house long-running, successful events within an outdoor space that will also have a major gastronomic facet. “It is a large-scale project managed entirely by IFEMA MADRID, with support and investment from partners and sponsors,” he explained.