Sydney is gearing up to host more than 40,000 conference delegates – staying 166,900 delegate days and generating an estimated A$146.2 million (US$112 million) – for the state’s economy.
Minister for tourism and major events Adam Marshall said that financial services event SIBOS, which was secured for Sydney by the NSW Government through Business Events Sydney, rounds out a huge upcoming 12 months of business meetings and conventions.
“SIBOS will put Sydney and NSW on the world stage in the financial services sector bringing 6,000 delegates to our State and delivering up to A$37 million in visitor expenditure next year,” Marshall said.
Between now and October 2018, before ICC Sydney hosts SIBOS (October 22-25, 2018), the destination has 48 other events secured.
CEO of Business Events Sydney Lyn Lewis-Smith added that SIBOS was an event with significant strategic value for Sydney and NSW.
“This event is expected to boost the city’s FinTech capability as local industry benchmarks against the latest developments around the world. Hosting this event will enable Australia to profile the strength of the local finance and banking sector as well as disrupters such as start-ups entering or operating in this space,” said Lewis-Smith.
SIBOS draws the C-suite of the world’s finance community to discuss investment opportunities, cybersecurity and technology such as blockchain. Together they will undertake ‘cyber war games’ to share the latest defences against major hacks.
