Consell’s general assembly is set to approve a pivotal move in the local economy: the transfer of assets and liabilities from the Alicante Fair Association to Fira Alacant. This action, scheduled for this Friday, marks a decisive step in reshaping how the fair operates and who shoulders its responsibilities. The objective is clear and ambitious — to accelerate the transition so that the newly formed company is fully functional and ready to operate on April 1, covering all the functions needed to keep the fair active and thriving for merchants, exhibitors, and visitors alike. The plan reflects a broader strategy to modernize the region’s trade fair infrastructure while preserving the vitality of an event that has long served as a hub for business and tourism. This is not simply a transfer of paperwork; it is a reallocation of assets, liabilities, and operational authority to an entity designed to fuse continuity with innovation. — attribution to local authorities and government documents.
In practical terms, the Board of Trustees of the IFA concluded its work with a final meeting on the 17th, effectively signaling the winding down of the organization that previously managed the fair. Just days earlier, the board confirmed last year’s accounts, closing a chapter in the association’s financial history. The Generalitat has reported a net gain of 32,800 euros after absorbing all outstanding debts in return for retaining ownership of the pavilions and the land involved in the earlier expansion plans. This outcome ensures that the fair remains solvent while preserving the physical footprint that has supported its growth and capacity to host major events. The financial resolution also clarifies the balance between preserving assets and enabling the new administration to take charge with a clean slate. — attribution to official financial disclosures.
Beyond keeping the fair alive, the move opens doors to expand activity by forming new partnerships with a wider range of operators. These alliances are expected to boost the fair’s competitiveness and attract additional competitions from international partners, including opportunities discussed with major European cities. The strategic aim is to transform Alicante’s fair into a more dynamic platform that can attract more international exhibitors and audiences, reinforcing its role in a global market. This path aligns with broader efforts to position the fair as a contemporary venue capable of hosting diverse events, supported by collaborations and cross-border programming that broaden its appeal and economic impact. — attribution to regional economic strategies and trade development plans.
The transition process centers on transferring the assets and liabilities to Fira Alacant, a move that the Consell is expected to formally approve this Friday, according to sources from the Ministry of Economy. Once approved, the transaction will be recorded in the official public registry, with a one-month window for any affected parties to submit objections or concerns. Following the final approval of the contract by Consell, the new organization is anticipated to assume definitive management on April 1, with an effective date guiding the fair’s operations from January 1. The arrangement aims to ensure a smooth handover, minimize disruption for exhibitors and visitors, and provide a clear governance framework for the future. The careful sequencing — regulatory approval, registry publication, objection period, and the eventual management handover — is designed to maintain business continuity while enabling strategic enhancements. — attribution to government notices and registry procedures.