Ifema Madrid Aims to Exceed €300 Million Revenue by 2026
Ifema Madrid has set an ambitious target to exceed €300 million in revenue by the year 2026. This goal focuses on expanding its operations in fairs and congresses while also capitalizing on the anticipated impact of the Formula 1 Grand Prix.
Revenue Growth and Strategic Focus
The announcement was made by José Vicente de los Mozos, the President of the Executive Committee of Ifema Madrid. He highlighted the consortium’s strong financial trajectory. In 2020, revenue stood at €60 million. By 2022, this figure rose to €180 million, and in the last fiscal year, it reached €234 million.
- 2020: €60 million
- 2022: €180 million
- 2023: €234 million
Vision for the Future
De los Mozos emphasized that the future profile of Ifema will differ significantly from its past. The consortium has demonstrated expertise in organizing high-profile events, including NATO summits and COP25. He stated, “Ifema is the engine of Madrid and Spain.”
Economic Impact of Ifema
The economic contribution of Ifema to the Madrid region is substantial. According to De los Mozos:
- For every euro generated by Ifema, €25 is produced in the Madrid economy.
- Each job linked to Ifema creates 100 additional jobs in the Madrid economy.
Key Events and Fairs
Ifema hosts several major fairs, which bolster its economic influence:
- Fitur: The leading tourism fair globally.
- Arco: A prominent contemporary art fair.
- Fruit Attraction: A key international trade event for the fruit and vegetable sector.
This strong performance and strategic focus position Ifema Madrid as a vital player in the region’s economic landscape, with a promising outlook for future growth.
