ADNEC Group achieved a record economic contribution of AED8.5 billion in 2024, surpassing 2023’s AED7.4 billion. Their growth reflects strategic acquisitions, sustainability efforts, and hosting over 1,000 successful events that attracted 5.4 million visitors. With ongoing commitment to innovation, ADNEC aims to enhance its role in driving economic diversification in the UAE.
ADNEC Group recorded a historic contribution of AED8.5 billion to the UAE economy in 2024, surpassing its previous achievement of AED7.4 billion in 2023. This significant milestone underscores the group’s pivotal role in promoting economic growth and aligns with the UAE’s aim for a diversified, knowledge-based economy.
Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, discussed the exceptional achievements of 2024, attributing this success to the steadfast support from leadership. He emphasized that ADNEC’s focus on innovation, sustainability, and excellence directly benefits shareholders and partners in both government and private sectors. Looking ahead, he anticipates ongoing contributions to local and global economic impact in line with the UAE’s visions.
The group’s strategic acquisition of Royal Catering and the Business Design Centre in London has expanded their venue portfolio to four, thereby enhancing market presence. These accomplishments reflect ADNEC’s commitment to talent development and achieving outstanding results in its business sectors.
Sustainability efforts were highlighted by ADNEC receiving the Sheikh Hamdan Environmental Award. Furthermore, the ADNEC Centre Abu Dhabi became the first MICE venue in the Middle East sourced by clean energy from the Emirates Water and Electricity Company, setting a high standard for environmental practices. The introduction of TerraTile, a sustainable flooring product made from exhibition waste, showcases ADNEC’s commitment to environmental progress within the events sector.
In 2024, ADNEC’s venues hosted over 1,000 events, attracting more than 5.4 million visitors, marking a new record. Significant events included the largest editions of the Abu Dhabi International Boat Show, Global Food Week, and the Abu Dhabi International Hunting and Equestrian Exhibition, alongside the completed expansion of ExCeL London.
The Capital Events division facilitated over AED10 billion in deals across eight events, reinforcing its leadership in event management. Meanwhile, ADNEC Hotels experienced a record reception of 1,531,000 guests, and Capital Catering delivered 40 million meals across 45 locations, including significant events like a corporate Iftar accommodating 8,000 guests.
Capital 360 Event Experiences reported a successful year, driven by projects in Saudi Arabia and Qatar. The tourism segment, Tourism 365, managed 350,000 travelers, generating 250,000 room nights, marking a peak since its inception. Twofour54, part of ADNEC Group, launched two innovative TV studios and supported 34 major Hollywood projects, achieving a 300 percent return on investment from exiting ZenHR.
In summary, ADNEC Group’s achievements in 2024 highlight impressive progress across its seven core sectors, including venues, events, hospitality, food service, tourism, and media. Their strategic focus on innovation, expansion, and sustainability has solidified their role in Abu Dhabi’s economic landscape as they prepare for continued leadership in 2025.
ADNEC Group’s exemplary performance in 2024 illustrates its significant impact on the UAE economy, demonstrating growth across multiple sectors, a commitment to sustainability, and successful strategic acquisitions. The group’s ongoing focus on innovation and expansion positions it to continue driving competitive advantage and value for the UAE. Looking forward, ADNEC aims to further enhance its global status in business tourism and events while adhering to sustainable practices.
Original Source: www.zawya.com
