The Web Summit is one of the most important global conferences for technology companies and investors. This year’s event takes place from November 4 to 7, in Lisbon, Portugal.

The Web Summit is one of the largest events for connecting technology start-ups, venture-capital investors and established companies. It offers young entrepreneurs and innovators the chance to present their ideas and projects. Some 70,000 visitors, more than 1200 speakers and more than 2600 journalists are expected in 2019. The event’s prestige attracts not only major players from the tech world but also an increasing number of leading companies from other sectors.

Web Summit has been called “the best technology conference on the planet”.

The event will remain in Lisbon until at least 2028 following a €110m deal with the Portuguese government. The annual event, which moved to the Portuguese capital in 2016 on an initial three-year basis, expects to see its capacity more than double as part of the deal by 2022.

The agreement to remain in Lisbon, which includes a buyout clause to the value of €3 billion, was agreed after a tender process that involved offers from over 20 European cities. A part of the deal is to double the size of the Altice Arena and FIL (Feira Internacional de Lisboa) venues within the next three years, to fit Web Summit’s growth forecasts.