Web Summit, a technology and entrepreneurship event that has been held in Lisboa since 2016, will remain in the Portuguese capital for another ten years. The announcement was made at Altice Arena, that presented "Web Summit Lisboa + 10". Founder and organiser Paddy Cosgrave attended, as did the Prime Minister António Costa, and Fernando Medina, mayor of Lisboa.

"It was the craziest decision I've ever made, but it was a good decision," said Paddy Cosgrave, adding that the last two years that the Web Summit was held in Lisbon were "incredible experiences" and that he expects "a bright future", writes Agência Lusa. Competing to host this event were both Spain and the United Kingdom.

Expecting the event to grow, expanding FIL - Feira Internacional de Lisboa was also announced, and according to Fernando Medina, it should grow "more than twice the current area". Last year the event received 60,000 people from 170 countries. The 2018 edition will take place between 5th - 8th November at both FIL and Altice Arena.