In 2024, ADNEC Group contributed AED 8.5 billion to the UAE economy, demonstrating its significant role in promoting economic diversification. Key achievements included strategic acquisitions, winning sustainability awards, hosting a record number of events, and expanding its services across various sectors. The group remains focused on enhancing its impact and supporting Abu Dhabi’s economic goals going forward.
ADNEC Group has achieved a historic milestone in 2024 by contributing AED 8.5 billion to the UAE economy, surpassing the AED 7.4 billion reported in 2023. This achievement underscores the group’s vital role in fostering economic growth and supporting the UAE’s strategic goal of developing a diversified and knowledge-based economy.
Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, remarked on the year as a significant turning point marked by remarkable accomplishments across all sectors. He attributes this success to the steadfast guidance of leadership, which empowers ADNEC to continue its contribution to Abu Dhabi’s economic advancement and its global stature.
The year also witnessed ADNEC Group’s acquisition of Royal Catering and the Business Design Centre in London, thereby expanding its venue portfolio. This expansion illustrates ADNEC Group’s dedication to talent development and the delivery of superior outcomes across its primary business areas.
Sustainability remained paramount in 2024, as evidenced by ADNEC Group receiving the Sheikh Hamdan Environmental Award. The ADNEC Centre Abu Dhabi became the first Middle Eastern MICE venue powered by clean energy, setting a benchmark for environmental excellence in the sector. The introduction of TerraTile, a sustainable flooring product made from exhibition waste, highlights the company’s commitment to sustainability in the events industry.
In 2024, ADNEC venues hosted over 1,000 events, attracting more than 5.4 million visitors, the highest attendance recorded. The ExCeL London expansion, comprising 270,000 square metres, and successful hosting of flagship events like the Abu Dhabi International Boat Show (ADIBS) exemplify the group’s influence in the events landscape.
ADNEC Group’s event organizing arm, Capital Events, facilitated over AED 10 billion in deals across eight events, solidifying its leadership in event management. Additionally, ADNEC Hotels welcomed a record 1.5 million guests and Capital Catering provided 40 million meals, along with catering 2,200 events, including the largest corporate Iftar at ADNEC Centre Abu Dhabi.
Capital 360 Event Experiences reported its best year yet, aided by regional expansions and key project wins in neighboring markets like Saudi Arabia and Qatar. The tourism division, Tourism 365, managed 350,000 travelers, achieving the highest performance in its history with 250,000 room nights generated.
Twofour54, another ADNEC Group company, enhanced its service offerings by launching two advanced TV studios at Yas Creative Hub while supporting 34 major Hollywood productions through its Tawasol initiative. The successful exit from an investment in ZenHR yielded a 300% return on investment.
ADNEC Group’s accomplishments in 2024 showcase unparalleled performance across its seven key sectors: venues, events, hospitality, food and beverage, services, tourism, and media. These successes stem from the group’s ongoing commitment to innovation, expansion, and the principles of sustainability across all its business units.
As ADNEC Group steps into 2025, it remains dedicated to advancing Abu Dhabi’s economic diversification and sustainable development strategies. The group aspires to leverage new business opportunities within its core sectors to solidify its global leadership in business tourism, events, and hospitality, while simultaneously generating lasting value for the UAE and its citizens.
In summary, ADNEC Group’s record economic contribution of AED 8.5 billion in 2024 highlights its pivotal role in the UAE’s growth. The group’s strategic acquisitions, commitment to sustainability, and successful hosting of numerous events underscore its dedication to innovation and excellence. As it looks toward the future, ADNEC Group aims to continue fostering development aligned with Abu Dhabi’s vision for a diversified economy.
Original Source: www.zawya.com
