UAE: ADNEC Group Announces $2bn Boost to National Economy
Humaid Matar Al Dhaheri, CEO of ADNEC Group, highlighted the group's commitment to growth and value creation through initiatives and investments in its core sectors.
These sectors include exhibition and conference centers, event organization, hospitality, event services, hotels, leisure tourism, and media. The group's venues, including the Abu Dhabi National Exhibition Centre and ExCeL London, have seen a significant increase in visitors and events hosted.
ADNEC Group has won numerous international awards, contributing to its recognition as a leader in the industry. The group's direct and indirect economic impact in Abu Dhabi and the UAE has doubled, reaching AED 7.37 billion in 2023.
Under ADNEC Events Management, the group organizes high-profile international exhibitions and conferences, such as IDEX and NAVDEX, contributing to its global presence. ADNEC Hotels owns and operates prestigious international hotels, offering exceptional experiences to business and leisure travelers. The acquisition of Talaat Mustafa's Icon Group in Egypt strengthens ADNEC's position in the tourism sector, providing quality service packages in Europe, the Middle East, and North Africa.
ADNEC Hospitality and Food, through Capital Catering + Services, provides hospitality and catering services, delivering over 27 million meals for events and airlines. ADNEC Services offers customized event solutions, overseeing the organization of 488 events in 2023 and expanding into global markets. ADNEC Tourism promotes Abu Dhabi as a vibrant tourist destination, organizing special events and acquiring Karavel to enhance its presence in Europe. The tourism sector has seen significant growth, with an increase in hotel bookings and cruise trips in 2023.
Overall, ADNEC Group's strategic investments and initiatives across its sectors have led to record achievements, reinforcing its position as a key player in the global events and tourism industry.
