ADNEC Group boosts UAE economy with a record AED8.5bn in 2024
ADNEC Group said it contributed AED8.5 billion ($2.31 billion) to the UAE economy in 2024, surpassing its AED7.4 billion contribution in the previous year.
The year also saw ADNEC Group successfully acquiring Royal Catering and the Business Design Centre in London, expanding its portfolio of venues to four and strengthening its market presence.
. @ADNECGroup, a Modon Company, contributed AED8.5 billion to the UAE economy in 2024, its highest economic impact to date, surpassing the AED7.4 billion achieved in 2023, reinforcing its position as a global leader in the events, hospitality, media and tourism industries. pic.twitter.com/InjeMjz81A
— مكتب أبوظبي الإعلامي (@ADMediaOffice) March 14, 2025
These achievements underscore the Group's commitment to fostering talent and delivering exceptional results across its key business segments, the company said.
ADNEC Group's economic impact
'2024 has been a landmark year for ADNEC Group, marked by exceptional achievements across all sectors of our business,' said Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group.
'The 2024 results also reflect ADNEC's unwavering dedication to delivering significant value to our key shareholders and partners in both the government and private sectors,' he said.
ADNEC said its venues, including ADNEC Centre Abu Dhabi, ADNEC Centre Al Ain and ExCeL London, hosted more than 1,000 events in 2024, welcoming over 5.4 million visitors, the highest number in its history.
ADNEC Centre Abu Dhabi hosted the largest and most successful editions of flagship events such as the Abu Dhabi International Boat Show (ADIBS), Global Food Week, and Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX).
Capital Events, the event organising arm of ADNEC Group, facilitated more than AED10 billion in deals at eight of its events, further solidifying its reputation as a leader in event management.
ADNEC Hotels welcomed a record-breaking 1.53 million guests, while Capital Catering, the group's food & beverage cluster, delivered 40 million meals across 45 locations and catered for 2,200 weddings and events, including the largest corporate Iftar at ADNEC Centre Abu Dhabi for 8,000 guests, the Group said.
The Group said it remains committed to advancing Abu Dhabi's vision for economic diversification and sustainable development in 2025 as well by pursuing new business opportunities across its core sectors.
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