Media Fortune Fame & Folly

DMGT buys building show

The Daily Mail Group, of the UK, has acquired Addisbuild, the longest-running building and construction exhibition in Ethiopia, from Turkey-based organizer Expotim Uluslararasi Fuar Organisation. The show’s 11th edition is set to take place in October 2021 under the new name: “Addisbuild by The Big 5 Construct Ethiopia”. The branding is said to align it with DMGT’s portfolio of global construction events across the Middle East, Africa and South Asia.

In 2019, DMG Events had revenue/ operating profit of £119m/ £22m – some 16% of the B2B revenue of a £1.4 billion group which is best known for its daily news brands.