ES Global have won the contract to manage the 2018 Asian Games velodrome ©Cox Architecture

Events specialist ES Global have secured a contract to work on the Jakarta Velodrome at the 2018 Asian Games, being co-hosted by Indonesia's capital and Palembang.

The £13.6 million ($19.4 million/€15.6 million) contract will see the company continue their engagement in sporting projects after working on the 2014 Winter Olympics in Sochi and the 2016 Summer Olympics in Rio de Janeiro.

According to BQ, this previous experience was key to London-based ES Global, who conduct 80 per cent of their business overseas, winning the contract for the upcoming Asian Games.

ES Global had apparently struggled to secure an export insurance policy to cover the contract but were subsequently offered support from the Government-backed UK Export Finance (UKEF), who provided the policy for the Jakarta Velodrome.

ES Global installed the triathlon deck on Copacabana beach for Rio 2016 ©ES Global
ES Global installed the triathlon deck on Copacabana beach for Rio 2016 ©ES Global

Commenting on UKEF's support, ES Global director Olly Watts said: "The support we've received from UKEF has been brilliant.

"This is the third project UKEF has helped us on and without them, I'm not sure we could have taken on those contracts.

"UKEF makes the risks of exporting much more manageable and I can't recommend their products enough."

Julian Lynn, export finance manager for London, City and East, at UKEF added: "ES Global is a great example of a UK company making the most of international trading opportunities that are out there, and I'm proud UKEF is able to support them in their exporting ambitions, time and time again."

The Asian Games are scheduled to take place from August 18 to September 2.