ADNEC Group reported a record economic contribution of AED8.5 billion in 2024, surpassing last year’s figure. This achievement reflects the group’s commitment to economic growth and sustainability. Key initiatives included successful acquisitions, numerous event hostings, and advancements in environmental leadership. As it aims for 2025, ADNEC is dedicated to furthering its contributions to the UAE’s economic landscape.
ADNEC Group achieved a record economic impact, contributing AED8.5 billion to the UAE economy in 2024—an increase from AED7.4 billion in 2023. This notable achievement emphasizes ADNEC’s critical role in promoting economic growth and fulfilling the UAE’s goals for a diversified, knowledge-based economy.
Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, remarked on this milestone: “2024 has been a landmark year for ADNEC Group, marked by exceptional achievements across all sectors of our business.” He further acknowledged the vital support from leadership, which has facilitated ongoing contributions to Abu Dhabi’s economic development and global visibility.
The year saw ADNEC Group’s acquisition of Royal Catering and the Business Design Centre in London, enhancing its venue portfolio to four locations and boosting its market presence. These accomplishments reflect the group’s commitment to talent development and high performance across its principal business sectors.
Sustainability was a focal point, illustrated by ADNEC Group receiving the Sheikh Hamdan Environmental Award. Additionally, the ADNEC Centre Abu Dhabi became the first MICE venue in the Middle East powered by clean energy from Emirates Water and Electricity Company (EWEC), setting environmental precedents. The launch of TerraTile, a sustainable flooring product made from exhibition waste, further highlights the group’s commitment to sustainability in the events sector.
ADNEC’s venues hosted over 1,000 events in 2024, welcoming more than 5.4 million visitors, the highest number in its history. Significant events included the expansion completion at ExCeL London, bringing its total space to 270,000 square meters, and hosting major exhibitions like the Abu Dhabi International Boat Show and the Global Food Week.
Capital Events, ADNEC’s event organizing division, garnered additional success, facilitating more than AED10 billion in deals at eight events. Furthermore, ADNEC Hotels accommodated a record 1.5 million guests, while Capital Catering served 40 million meals at 45 locations and organized catering for numerous weddings and events.
Meanwhile, Capital 360 Event Experiences reported record success due to regional projects, including expansions into Saudi Arabia and Qatar. Tourism 365 managed a record 350,000 travelers, creating 250,000 room nights, setting the highest performance standards since its inception.
Twofour54, another ADNEC subsidiary, launched two cutting-edge TV studios in Yas Creative Hub and supported major Hollywood productions through its Tawasol initiative, realizing a 300 percent ROI on its exit from ZenHR investment.
As ADNEC Group looks toward 2025, it reaffirms its commitment to enhancing Abu Dhabi’s vision for economic diversification and sustainable development. The organization aims to pursue new business opportunities across its sectors while bolstering its global leadership in business tourism, events, and hospitality.
In summary, ADNEC Group has made significant strides during 2024, contributing a record-breaking AED8.5 billion to the UAE economy. The organization’s growth and achievements underscore its pivotal role in fostering economic diversification, sustainability, and excellence across its multiple sectors. As it prepares for 2025, ADNEC Group remains committed to driving positive impacts both locally and globally.
Original Source: www.zawya.com
