In 2024, ADNEC Group contributed AED8.5 billion to the UAE economy, marking its highest impact to date. The group’s achievements include successful acquisitions, sustainability initiatives, and hosting over 1,000 events with record attendance. ADNEC Group remains committed to innovation and economic diversification in alignment with the UAE’s vision.
ADNEC Group has achieved a historic milestone by contributing AED8.5 billion to the UAE economy in 2024, exceeding last year’s contribution of AED7.4 billion. This growth illustrates the group’s expanding influence in promoting economic development and supporting the UAE’s goals to establish a diversified, knowledge-based economy.
Humaid Matar Al Dhaheri, the Managing Director and Group CEO of ADNEC Group, stated that 2024 has been a pivotal year, characterized by remarkable successes across various business sectors. He emphasized that these accomplishments result from strong leadership support, guiding ADNEC in its commitment to Abu Dhabi’s growth and global stature.
The group’s results for 2024 reflect its dedication to providing significant value to stakeholders in the public and private sectors, underpinned by a focus on innovation, sustainability, and excellence. Looking ahead, the group aims to create a positive impact both locally and globally, aligning with the UAE’s vision for economic diversification and sustainable development.
ADNEC Group notably expanded in 2024 with the acquisition of Royal Catering and the Business Design Centre in London, enhancing its venue portfolio and market presence. The group’s initiatives exemplify its commitment to nurturing talent and achieving outstanding results.
Sustainability was a prominent theme this year, as ADNEC Group was recognized with the Sheikh Hamdan Environmental Award. The ADNEC Centre Abu Dhabi became the first MICE venue in the Middle East to utilize clean energy from the Emirates Water and Electricity Company, raising environmental standards in the region. Additionally, the introduction of TerraTile, a sustainable flooring solution made from exhibition waste, highlighted the group’s dedication to sustainability within the events industry.
In 2024, ADNEC venues hosted over 1,000 events, attracting more than 5.4 million attendees, a record for the group. Key events included the Abu Dhabi International Boat Show, Global Food Week, and ADIHEX. The expansion of ExCeL London to 270,000 square meters marked another significant development for the group.
Capital Events organized events that facilitated over AED10 billion in transactions, reinforcing its position as a leader in event management. Furthermore, ADNEC Hotels recorded 1,531,000 guests, and Capital Catering managed to provide 40 million meals across various events, showcasing exceptional service delivery.
Capital 360 Event Experiences concluded a successful year driven by new projects in Saudi Arabia and Qatar, while Tourism 365 facilitated travel for 350,000 individuals, achieving a record number of room nights.
Twofour54, a subsidiary of ADNEC Group, launched advanced TV studios and supported numerous Hollywood productions, while successfully exiting its investment in ZenHR with a 300 percent ROI.
ADNEC Group’s impressive achievements in 2024 underscore its success across seven primary sectors, including venues, events, and media, and reflect a strong commitment to innovation and sustainability. As the group approaches 2025, it aims to further advance Abu Dhabi’s economic diversification vision and reinforce its role in global business tourism and hospitality.
ADNEC Group’s contributions to the UAE economy in 2024 reached a record AED8.5 billion, underscoring its pivotal role in supporting growth and diversification. The group’s achievements, including significant partnerships and a commitment to sustainability, highlight its dedication to excellence across its diverse sectors. Looking forward, ADNEC Group remains focused on leveraging new opportunities to enhance its leadership within the business tourism and hospitality arenas, thus contributing to the overarching goals of the UAE economy.
Original Source: www.zawya.com
