Bogota International Convention Center (CICB) is set to open in 2014 as part of a vision to create a new business and events district in the Colombian city.
A multifunctional auditorium for up to 4,000 delegates is among the plans for the centre, along with up to 15 additional rooms for between 25 and 2,000.
Zaha Hadid Architects
More than 90 proposals for the development of the centre have now been whittled down to five finalists, which include UK-based Zaha Hadid Architects, the designer of the London 2012 Olympic Games Aquatic Centre.
A final decision will be made in August, and work will then begin on the three-year project.
Led by the Bogota Chamber of Commerce, the aim is for the project to regenerate the Corferias district, transforming it into a business and events region, with accommodation and leisure facilities.
Growth in GDP of 8.4% is being forecast for the city in the five years following the project, which is expected to attract more than 200,000 visitors each year and create 4,000 jobs over the next ten years.
UK and European planners
Bogota Convention Bureau bidding manager Clara Dominguez Romero said a key aim was promoting Bogota to UK and European meet planners.
"Bogota is changing a lot and we want to show that to Europe," she said.
Bogota is also upgrading its El Dorado airport, with work set to be completed in 2014.