ADNEC Group Achieves Record AED8.5 Billion Contribution to UAE Economy in 2024
In 2024, ADNEC Group achieved a record contribution of AED8.5 billion to the UAE economy, surpassing the prior year’s AED7.4 billion. The success is attributed to strategic acquisitions, substantial event management, and a strong focus on sustainability. ADNEC remains committed to enhancing its global presence while supporting the UAE’s economic diversification objectives as it looks towards 2025.
In 2024, ADNEC Group made a remarkable economic contribution of AED8.5 billion to the UAE, exceeding the AED7.4 billion from the previous year. This milestone underscores the organization’s pivotal role in fostering economic growth and advancing the UAE’s objective of establishing a diversified, knowledge-oriented economy.
Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, stated that 2024 was a landmark year, characterized by notable achievements across all sectors. He credited these successes to the continuous support from the UAE’s leadership, which empowers ADNEC to significantly contribute to Abu Dhabi’s economic advancement and international standing.
The acquisition of Royal Catering and the Business Design Centre in London allowed ADNEC Group to expand its venue portfolio, thereby enhancing its market presence. These strategic moves reflect ADNEC’s commitment to cultivating talent and achieving performance excellence in its primary business sectors.
Sustainability initiatives were a significant focus for ADNEC in 2024. The group garnered the Sheikh Hamdan Environmental Award, while the ADNEC Centre Abu Dhabi became the first MICE venue in the Middle East to be entirely powered by clean energy. Furthermore, the introduction of TerraTile, a sustainable flooring product made from exhibition waste, epitomizes ADNEC’s commitment to sustainability in the events sector.
ADNEC venues, including the ADNEC Centre Abu Dhabi, ADNEC Centre Al Ain, and ExCeL London, hosted over 1,000 events, attracting more than 5.4 million visitors—the highest in the organization’s history. Highlights include the successful ExCeL London expansion to 270,000 square meters and the hosting of major events like the Abu Dhabi International Boat Show and the Abu Dhabi International Hunting and Equestrian Exhibition.
Additionally, Capital Events, the organizing branch of ADNEC Group, facilitated deals amounting to over AED10 billion at eight of its events, reinforcing its status as an industry leader. Furthermore, ADNEC Hotels accommodated a record 1,531,000 guests, while Capital Catering served 40 million meals across multiple events and venues, including the largest corporate Iftar.
The Capital 360 Event Experiences division also had a successful year with regional expansions in Saudi Arabia and Qatar. Additionally, Tourism 365 managed 350,000 travelers, generating 250,000 room nights, marking a significant peak since its inception. Meanwhile, Twofour54 expanded its capabilities with advanced TV studios and boosted Hollywood productions through its initiatives.
Overall, ADNEC Group’s accomplishments in 2024 underline its exceptional operational performance within seven key business sectors. The organization’s ongoing commitment to sustainability, innovation, and market expansion positions it for continued success as it enters 2025.
ADNEC Group remains dedicated to the vision of economic diversification and sustainable development for Abu Dhabi, aspiring to further its global leadership in business tourism, events, and hospitality while delivering long-term value for the UAE and its population.
In summary, ADNEC Group’s exceptional achievements in 2024 reflect significant economic contributions to the UAE, with a focus on sustainability and innovation. The group’s strategic expansions and record-breaking events underscore its commitment to enhancing Abu Dhabi’s status as a global business hub. Looking ahead to 2025, ADNEC is poised to advance its leadership role in business tourism, further supporting the UAE’s objectives of diversification and sustainable development.
Original Source: www.zawya.com
