Singapore/Indonesia, December: The leading event organiser, Clarion Events Group’s subsidiary, Clarion Events Asia, has announced plans to form a joint venture with PT Adhouse Indonesia CIPTA. The JV will be named PT Adhouse Clarion Events (PT ACE).
Adhouse, a local organiser based in Jakarta, is the organiser of the Indonesia Property Expo (IPEX), positioned as the largest bi-annual property show in Indonesia. The 10-day show features more than 260 exhibitors and 340,000 visitors every edition. The event provides Indonesians with a platform to purchase a home and secure attractive mortgage rates.
Through the new joint venture, Clarion maintains it will be able to effectively access the Indonesian market using Adhouse’s network and position to establish a strong foothold. Over the next two years, PT ACE also plans to launch new B2B conferences and large-scale exhibitions.
Richard Ireland, Managing Director of Clarion Events Asia, commented, “The combination of Adhouse’s strong relationships and long history of successful events makes them an ideal partner with whom Clarion Events Asia can further its commitment to the region.”
Source: Clarion Events Asia press release