Wednesday 26 February 2020

Adnec pumps $626.05m into Abu Dhabi economy in H1

ABU DHABI, August 15, 2019

The Mice sector in Abu Dhabi continues to generate revenue with the Abu Dhabi National Exhibition Centre (Adnec) and Al Ain Convention Centre (AACC) contributing Dh2.3 billion ($626.05 million) to the Abu Dhabi economy in H1 2019, said a report.

The Abu Dhabi National Exhibitions Company’s direct and indirect contribution to the UAE capital’s economy increased by 45 per cent this year, compared to the same period in 2018 -  a result of hosting two major events on the Mice calendar -- the International Defence Exhibition and World Future Energy Summit, both of which were held at Adnec, said a report in WAM, citing a statement released by the company.

Adnec and AACC hosted 29 exhibitions, 108 conferences and events, as well as 88 special events and supported more than 12,502 jobs in business tourism related sectors in the first half of 2019. The total number of the venues’ surrounding hotels registered 343,100 overnight visitors, it said.

In H1 2019, Adnec and AACC welcomed more than 1.5 million visitors from the UAE and across the world, marking a significant increase of 79 per cent of visitors, compared to the first half of 2018 (684,747).

The Emiratisation rate reached 73 per cent and Emirati women now represent 41 per cent of the total national workforce, with 86 per cent of Emiratis holding senior management positions, the company noted.

Commenting on the results, Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development and Adnec Group chairperson, said: "The UAE capital is leading the way in positioning itself as the region’s preferred business tourism hub and Adnec’s H1 performance testifies to our concerted efforts to maintain this status."

She added, "In line with our priority to contribute to achieving the Abu Dhabi Plan and its Economic Vision 2030, ADNEC will continue to drive the diversification and growth of the emirate’s economy as a central part of its strategy."

Speaking on the robust performance, Humaid Matar Al Dhaheri, Group CEO of Adnec, said: "The impressive number of events hosted by our venues in the first half of 2019 reinforces our position as a leading destination in the flourishing business tourism sector."

Abu Dhabi National Exhibition Centre is the largest venue operated by the company and offers 133,000-sq-m of flexible events space. The state-of-the-art venue offers facilities to support local and international event organisers in hosting high-profile Mice events.


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