John Sisk and Son has been confirmed as the main contractor for an £84m convention centre at Celtic Manor Resort in south Wales.
The contractor was formally named to build the International Convention Centre at the resort – which hosted the Ryder Cup in 2010 – after a funding deal was agreed.
The centre will house a 1,500-seat auditorium and a separate exhibition hall, which will provide the largest pillar-free ballroom in Europe.
Five divisible meeting rooms will be built within the facility, alongside breakout rooms and networking spaces at all levels.
The deal was finalised yesterday and will see Natwest provide a £51.5m loan facility to the joint venture between the Welsh Government and Celtic Manor.
Work is set to start in March, with the centre expected to be open for business in June 2019.
Welsh economy and infrastructure secretary Ken Skates said: “This will be a major asset for Wales, enabling us to compete with any venue in the UK and indeed Europe to attract and host key events that make a huge contribution to the economy.
“It is also important to emphasise that not only is it an asset for the Celtic Manor and Newport specifically, but this development will provide a very real long-term boost for the entire economy of south Wales.”