In 2024, ADNEC Group achieved a record contribution of AED8.5 billion to the UAE economy, surpassing the previous year’s figure. Key highlights included successful acquisitions, a focus on sustainability, and hosting over 1,000 events attracting 5.4 million visitors. The group’s robust performance across various sectors positions it as a leader in business tourism and hospitality.
ADNEC Group has achieved a remarkable economic impact, contributing a record AED8.5 billion to the UAE economy in 2024, surpassing last year’s AED7.4 billion. This accomplishment signifies the group’s significant role in fostering economic growth and advancing the UAE’s aim of creating a diversified, knowledge-based economy.
Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, remarked that 2024 has been a notable year, featuring outstanding achievements across various sectors. He attributed this success to the steadfast support of the UAE’s leadership, emphasizing the group’s commitment to enhancing Abu Dhabi’s economic stature and its alignment with the nation’s vision.
The acquisition of Royal Catering and the Business Design Centre in the UK further extended ADNEC Group’s portfolio to four venues, reinforcing its market presence. These strides highlight ADNEC’s focus on nurturing talent and producing remarkable outcomes within its core business segments.
Sustainability was a principal concern, leading to ADNEC Group winning the Sheikh Hamdan Environmental Award. Additionally, the ADNEC Centre Abu Dhabi became the first MICE venue in the Middle East to utilize clean energy from Emirates Water and Electricity Company (EWEC), exemplifying environmental leadership. The rollout of TerraTile, a sustainable flooring product created from exhibition waste, further showcased its commitment to sustainability.
In 2024, ADNEC venues, including the ADNEC Centre Abu Dhabi and ExCeL London, hosted over 1,000 events and attracted more than 5.4 million visitors. Significant highlights included the expansion of ExCeL London and the success of events such as the Abu Dhabi International Boat Show and Global Food Week.
Capital Events, the event management branch of ADNEC Group, facilitated over AED10 billion in business deals through eight events, cementing its status in the industry. Meanwhile, ADNEC Hotels saw a record influx of 1.5 million guests, and Capital Catering provided 40 million meals across 45 locations, catering events such as a major corporate Iftar for 8,000 attendees.
Twofour54, a subsidiary of ADNEC Group, launched two advanced TV studios at Yas Creative Hub and supported significant Hollywood productions. The group also reported a successful exit from its investment in ZenHR, yielding a 300 percent return.
The achievements of ADNEC Group in 2024 reflect outstanding progress across its seven business sectors. The group’s commitment to innovation, expansion, and sustainability underpins its future endeavors as it targets further leadership within business tourism and hospitality.
In summary, ADNEC Group’s contribution of AED8.5 billion in 2024 marks a significant milestone in its history and the UAE’s economic landscape. The group’s emphasis on sustainability, successful acquisitions, and expansion initiatives illustrates its dedication to fostering economic diversification and enhancing established sectors. Moving forward, ADNEC Group remains focused on driving innovation and growth, striving to strengthen its global position in business tourism and hospitality while adhering to the UAE’s strategic vision for sustainable development.
Original Source: www.zawya.com
