It is located near the IFEMA's main fairground complex in the Campo de las Naciones area.

[6] On 15 December 1995, the venue hosted the EU summit that ratified the creation of the "euro" currency.

[7] It has also hosted other international events such as IMF and World Bank meetings as well as NATO and UN summits.

[7] The facility closed down on 8 November 2012 to undergo building works to improve on its security.

[8] In 2018, the Ayuntamiento de Madrid and IFEMA agreed on the lease of the building to the latter party to for a period of 25 years, to be effective from 1 January 2019 onward.