The Italian National Olympic Committee (NOC) will transform the Westminster venue into a place for athletes, dignitaries and guests to celebrate.
The QEIICC was chosen because of its views over Westminster and its proximity to the Olympic lanes, which prioritise Games traffic and link the West End hotels with the Olympic Park.
It is also widely believed that the Italians intend to use London 2012 as a launch pad for a likely bid to host the 2020 Summer Olympics in Rome.
The Italians are the latest NOC to secure a London hospitality house. Other venue contracts have been awarded to 45 Millbank by Georgia, No 4 Hamilton Place by Japan, Alexandra Palace by Holland, Somerset House by Brazil, Old Billingsgate by France, Glaziers’ Hall by Switzerland, Museum of London Docklands by Germany and Business Design Centre by the Czech Republic.
Sue Etherington, Commercial Director of The QEIICC said: "We are looking forward to welcoming CONI ((The National Olympic Committee of Italy) ) to London and to hosting their Olympic family. We are also assisting them to create an environment to promote Italy, its companies and artists – thus ensuring they have a commercially successful Olympic period."