ADNEC Group Records Historic AED8.5 Billion Contribution to UAE Economy in 2024

In 2024, ADNEC Group contributed AED8.5 billion to the UAE economy, surpassing 2023’s AED7.4 billion. This growth reflects the group’s increasing influence and commitment to sustainability and innovation. Key achievements included strategic acquisitions, record visitor numbers, and a focus on environmental leadership. Looking forward, ADNEC Group aims to continue driving economic diversification and value for the UAE.

In 2024, ADNEC Group achieved a significant milestone by contributing AED8.5 billion to the UAE economy, surpassing the AED7.4 billion recorded in 2023. This accomplishment emphasizes the group’s increasing influence in fostering economic growth and advancing the UAE’s goals for a diversified, knowledge-based economy.

Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, noted that 2024 has been a transformative year for the organization, characterized by remarkable achievements across all business sectors. He attributed this success to the steadfast support of the UAE leadership, which enables continued contributions to Abu Dhabi’s economic progress and global standing.

The acquisition of Royal Catering and the Business Design Centre in London marked another strategic expansion for ADNEC Group, enhancing its portfolio of venues to four. These strategic ventures reaffirm ADNEC’s commitment to nurturing talent and achieving excellence across its primary business areas.

Sustainability was prioritized in 2024, with ADNEC Group being honored by the Sheikh Hamdan Environmental Award. Furthermore, 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 (EWEC), setting an important benchmark for environmental stewardship in the region. Innovations such as TerraTile, a sustainable flooring product created from exhibition waste, further illustrated ADNEC’s commitment to eco-friendly practices in the events sector.

ADNEC venues, including ADNEC Centre Abu Dhabi and ExCeL London, successfully hosted over 1,000 events, attracting more than 5.4 million visitors, achieving a new record. The expansion of ExCeL London was particularly noteworthy, increasing its area to 270,000 square meters, while the Abu Dhabi Centre hosted notable events such as the Abu Dhabi International Boat Show and the Global Food Week.

Capital Events, ADNEC’s event organizing division, facilitated transactions exceeding AED10 billion at various events, reinforcing its stature in the event management industry. Furthermore, ADNEC Hotels experienced a record influx of 1,531,000 guests, while Capital Catering delivered 40 million meals across multiple locations and catered numerous high-profile occasions, including a significant corporate Iftar for 8,000 guests.

The Capital 360 Event Experiences division noted substantial success stemming from regional growth and important contracts, including initiatives in Saudi Arabia and Qatar. Tourism 365 oversaw 350,000 travelers, generating a significant number of room nights, demonstrating its strongest performance since inception.

Additionally, Twofour54 expanded its services by launching two state-of-the-art TV studios at Yas Creative Hub and supporting 34 Hollywood productions. The group also concluded its investment in ZenHR, realizing a remarkable 300 percent return on investment.

ADNEC Group’s accomplishments for 2024 reflect its outstanding performance across its seven core domains: venues, events, hospitality, food and beverage, services, tourism, and media. The group’s innovative and sustainable strategies continue to drive its success.

In summary, ADNEC Group’s contributions and achievements in 2024 highlight its vital role in the UAE’s economic landscape. The organization has demonstrated exceptional growth through strategic acquisitions, a commitment to sustainability, and successful event management. Looking ahead, ADNEC Group is poised to further its contribution to Abu Dhabi’s vision for economic diversification and sustainable development, aiming to solidify its global leadership in various sectors, including tourism and hospitality.

Original Source: www.zawya.com