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Mid East Info
13-06-2025
- Business
- Mid East Info
Abu Dhabi Infrastructure Summit to Reimagine Urban Living through Innovation and Collaboration - Middle East Business News and Information
• ADIS 2025 to explore how infrastructure can shape more liveable, resilient, and future-ready cities under the theme 'Future Cities: Rethinking Infrastructure for Better Lifestyles.' • The summit will convene global decision-makers, investors, and innovators across infrastructure, urban development, and technology at the Abu Dhabi Energy Centre. • With over 70 confirmed speakers, the programme features influential voices from the public and private sectors representing key global markets, including the UK, US, India, Turkey, and Singapore. Abu Dhabi, United Arab Emirates,June 2025 – The Abu Dhabi Projects and Infrastructure Centre (ADPIC) has officially revealed the theme for the highly anticipated Abu Dhabi Infrastructure Summit (ADIS) 2025: 'Future Cities: Rethinking Infrastructure for Better Lifestyles.' Set to take place on 17–18 June at the Abu Dhabi Energy Centre, the inaugural summit will explore how integrated, human-centric infrastructure can elevate liveability, sustainability, and economic resilience in cities around the world. Poised to become the region's most influential infrastructure gathering, ADIS will bring together policymakers, C-level executives, and industry leaders to ignite vital dialogue on the latest global trends, technological advancements, and innovations shaping tomorrow's urban lifestyles. With a focus on key sectors such as construction, healthcare, mobility, energy, and urban design, the summit will spotlight topics including smart city and modular infrastructure, wellness-driven planning, innovation in design, global investment models, and forward-looking regulatory frameworks. With more than 2,000 expected attendees, over 70 confirmed speakers, and over 25 exhibitors from across regional and international markets, ADIS will reinforce Abu Dhabi's position as a global hub for sustainable, people-centric infrastructure. Adding strategic depth to the programme, the speaker lineup features senior government leaders including; H.E. Mohammed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport – Abu Dhabi (DMT); H.E. Ahmed Jasim Al Zaabi, Chairman, Department of Economic Development, Abu Dhabi; H.E. Eng. Maysarah Mahmoud Salim Eid, Director General of ADPIC; H.E. Dr. Saif Sultan Al Nasri, Undersecretary of the Department of Municipalities and Transport – Abu Dhabi; H.E. Badr Al Olama, Director General of the Abu Dhabi Investment Office (ADIO); H.E. Abdulla Al Blooshi, Executive Director – Planning and Infrastructure Sector, Department of Municipalities and Transport, Abu Dhabi ; and H.E. Adel Al Nuaimi Executive Director – Capital Projects Contractual Affairs Sector of ADPIC; and H.E. Mohammed Al Suwaidi, Executive Director, Capital Projects Finance Affairs of ADPIC, among others. H.E. Eng. Maysarah Mahmoud Eid, Director General of ADPIC, said: 'ADIS comes at a crucial time when the way we design and deliver infrastructure must evolve to meet new expectations, from how people live and move, to how we sustain growth and resilience in our cities. In Abu Dhabi, we see infrastructure as a powerful enabler of opportunity, well-being, and innovation. The scale of what's underway reflects both our ambition and our responsibility. This summit is a moment to learn from global peers, share successful strategies, and collectively shape a future where infrastructure improves quality of life.' Reflecting the scale and ambition of the summit, the ADIS speaker lineup brings together a diverse cross-section of global leaders redefining how cities are planned, built, and sustained. From real estate development and design to healthcare, aviation, architecture, urban planning, AI and emerging technologies, the summit features multi-sector perspectives aligned around a shared vision for more liveable, resilient, and inclusive urban environments. Leading voices will include Ibrahim Al Maghribi, CEO of Modon Real Estate; Adel Abdulla Albreiki, Chief Executive Officer at Aldar Projects; Dr. Mohamed Abdalla Al Zaabi, Group CEO of Miral; Carlos Wakim, CEO of Bloom Holding; Mounir Haidar, Managing Partner of LEAD Development; Paul O'Brien, Chief Development Officer at Modon; Omar Alsebeyi, Deputy CEO of Etihad Rail Freight; and Moustafa Fahour, COO of Plenary Middle East; amongst others. Bill O'Regan, Group CEO of Modon, said: 'Modon's vision for intelligent, connected living can only be achieved on a foundation of innovative, world-class infrastructure, and we are actively building partnerships to achieve this. ADIS will create new opportunities for dialogue and collaboration on infrastructure, underpinning the growth of vibrant, liveable, and sustainable cities for the future.' Reflecting the breadth of public-private collaboration required to build future-ready cities, ADIS will feature senior representatives from leading international organisations, global consultancies, private developers, and innovation-driven enterprises, alongside major UAE institutions. C-suite leaders joining from Cleveland Clinic Abu Dhabi, Archer Aviation, Masdar, SAVI Cluster at ADIO, LWK + Partners, MERED, Turkish Contractors Association, and Honeywell will share insights across infrastructure, mobility, healthcare, aviation, sustainability, and emerging technologies. International participants from the United Kingdom, Singapore, China, India, Turkey, and beyond will share global best practices and forge new partnerships to support Abu Dhabi's long-term infrastructure agenda. Adel Abdulla Albreiki, Chief Executive Officer at Aldar Projects, said: 'Reimagining infrastructure as a catalyst for wellbeing, socioeconomic growth, and long-term resilience is fundamental to shaping the cities of tomorrow. The Abu Dhabi Infrastructure Summit offers a vital platform to advance this dialogue, exploring how integrated, human-centric infrastructure can unlock more liveable and future-ready urban environments. Aldar is proud to partner with ADPIC on the summit's inaugural edition, bringing our experience in thoughtfully designing connected, sustainable communities to support a shared vision for progress in the UAE and beyond.' In addition to its dynamic programme, the summit will act as a launchpad for high-impact announcements, ranging from new partnerships and investment agreements to policy frameworks that will help define the next era of infrastructure in the region. It will provide access to Abu Dhabi's evolving development agenda and investment pipeline, spotlighting opportunities that align with the Emirate's long-term vision for innovation, transparency, and social well-being. By bringing together government entities, semi-government bodies, developers, investors, contractors, technology providers, academia, and global associations, ADIS will facilitate meaningful collaboration across the entire infrastructure ecosystem. The event underscores ADPIC's commitment to advancing infrastructure that drives national progress, fosters cross-sector innovation, and delivers tangible benefits to communities in Abu Dhabi and beyond. ADIS will also welcome international voices from United Kingdom, Singapore, India, and Turkey. Leaders from real estate development, design, healthcare, aviation, architecture, urban planning, AI and emerging technologies will share their perspectives, including: • Dr Georges-Pascal Habber, CEO of Cleveland Clinic Abu Dhabi • Fuat Kasimcan, Secretary General of the Turkish Contractors Association • Khaled Awad, Chairman of Advanced Construction Technology Services (ACTS) • Prashant Kapila, Board Member of the International Federation of Consulting Engineers (FIDIC – India) • Abdulaziz Alobaidli, COO of Masdar • Dr Talib Alhinai, General Manager – UAE at Archer Aviation • Omran Malek, Head of the SAVI Cluster at ADIO • Michael Belton, CEO at MERED • Daniel Liu, Executive Director of MORROW Intelligence (Singapore) • Emre Arolat, Founder and Design Partner at Emre Arolat Architecture (Turkey) • Ghiya Al-Haj-Hassan, Chief Commercial Officer – Middle East & Africa at Honeywell • Klemensas Mecejus, Head of Advisory of AI71 AI Advisory • Dr John Fletcher, Executive Director of Dispute Resolution at Royal Institution of Chartered Surveyors' (RICS) (UK) About Abu Dhabi Projects and Infrastructure Centre: Established in 2023, ADPIC's vision is to oversee and manage capital projects aimed at enhancing the quality of life for every resident in the Emirate of Abu Dhabi. This involves diverse projects such as housing, infrastructure, tourism, community facilities, and education. ADPIC's mandate includes managing contracts, reviewing, approving, planning, and designing capital projects. These are overseen by the Centre in close collaboration with relevant entities and stakeholders to ensure quality is maintained while also facilitating efficient project execution in alignment with Abu Dhabi's strategic goals. Throughout its operations, the Centre is committed to strengthening public-private partnerships and adopting global best practices in sustainability.
ARN News Center
21-02-2025
- Business
- ARN News Center
Etihad Airways hits record profit of AED 1.7 billion in 2024
Etihad Airways tripled its net profit to AED 1.7 billion ($476 million) last year, driven by AED 25 billion ($6.8 billion) in combined passenger and cargo revenue, the UAE carrier said on Wednesday. Profit after-tax for 2024 more than tripled year-on-year, driven by strong momentum in the passenger business, a robust recovery in Etihad's cargo operations, and a significant reduction in net finance costs, down by almost AED 1 billion, or 80 per cent year-on-year, reflecting continuous balance sheet deleveraging supported by strong cash generation. The airline carried 18.5 million passengers in 2024, a 32 per cent increase from the previous year and a 28 per cent year-on-year increase in Available Seat Kilometres (ASK), alongside an improved passenger load factor, which reached 87 per cent, compared to 86 per cent in 2023. Passenger revenue increased by AED 4.2 billion ($1.1 billion), or 25 per cent compared to 2023. Cargo revenue rose by 24 per cent compared to last year, fuelled by increased capacity and volume (12 per cent increase in cargo leg tonnes carried), alongside improved yields in the second half of the year. In 2024, the airline expanded its operations to over 1,700 weekly flights and increased frequencies on 25 routes. It also launched more than 20 new destinations, such as Boston, Jaipur, Bali, and Nairobi, alongside summer hotspots like Antalya, Nice, and Santorini, with over 10 of these cities set to begin operations in 2025. The airline's operating fleet continued to expand with the addition of 12 aircraft, including the introduction of a new fleet-type, with six A320 NEOs, and the re-entry into service of its fifth A380. Etihad now operates the youngest and most fuel-efficient fleet in the region, supporting its ESG strategy to minimise carbon emissions while enhancing its service offerings. Etihad's team grew to over 11,000 employees, with more than 2,000 new hires and over 1,500 promotions. UAE National Talent initiatives progressed, with over 70 Emirati cadet pilots graduating and more than 3,000 applications received for the latest cadet programme. UAE Nationals now represent 20 per cent of the workforce, underscoring Etihad's support for the UAE talent strategy and its role in developing future aviation professionals. The Chairman of Etihad Airways, Mohammed Ali Al Shorafa, said, 'We extend our gratitude to our guests and the dedicated Etihad family for allowing us to realise our ambitions and consistently delivering the reliable, best-in-class service that defines our operations. The unwavering commitment of our team has strengthened our airline, boosting efficiency while consistently improving our exceptional customer experience. 'As we expand our network and enhance our offerings, we remain focused on connecting more people with Abu Dhabi and supporting the Emirate's tourism ambitions, fulfilling our vision to be the airline that everyone wants to fly.' Credit rating agency Fitch upgraded Etihad's rating to A+ in July 2024, citing its materially stronger standalone credit profile.
Dubai Eye
20-02-2025
- Business
- Dubai Eye
Etihad Airways hits record profit of AED 1.7 billion in 2024
Etihad Airways tripled its net profit to AED 1.7 billion ($476 million) last year, driven by AED 25 billion ($6.8 billion) in combined passenger and cargo revenue, the UAE carrier said on Wednesday. Profit after-tax for 2024 more than tripled year-on-year, driven by strong momentum in the passenger business, a robust recovery in Etihad's cargo operations, and a significant reduction in net finance costs, down by almost AED 1 billion, or 80 per cent year-on-year, reflecting continuous balance sheet deleveraging supported by strong cash generation. The airline carried 18.5 million passengers in 2024, a 32 per cent increase from the previous year and a 28 per cent year-on-year increase in Available Seat Kilometres (ASK), alongside an improved passenger load factor, which reached 87 per cent, compared to 86 per cent in 2023. Passenger revenue increased by AED 4.2 billion ($1.1 billion), or 25 per cent compared to 2023. Cargo revenue rose by 24 per cent compared to last year, fuelled by increased capacity and volume (12 per cent increase in cargo leg tonnes carried), alongside improved yields in the second half of the year. In 2024, the airline expanded its operations to over 1,700 weekly flights and increased frequencies on 25 routes. It also launched more than 20 new destinations, such as Boston, Jaipur, Bali, and Nairobi, alongside summer hotspots like Antalya, Nice, and Santorini, with over 10 of these cities set to begin operations in 2025. The airline's operating fleet continued to expand with the addition of 12 aircraft, including the introduction of a new fleet-type, with six A320 NEOs, and the re-entry into service of its fifth A380. Etihad now operates the youngest and most fuel-efficient fleet in the region, supporting its ESG strategy to minimise carbon emissions while enhancing its service offerings. Etihad's team grew to over 11,000 employees, with more than 2,000 new hires and over 1,500 promotions. UAE National Talent initiatives progressed, with over 70 Emirati cadet pilots graduating and more than 3,000 applications received for the latest cadet programme. UAE Nationals now represent 20 per cent of the workforce, underscoring Etihad's support for the UAE talent strategy and its role in developing future aviation professionals. The Chairman of Etihad Airways, Mohammed Ali Al Shorafa, said, 'We extend our gratitude to our guests and the dedicated Etihad family for allowing us to realise our ambitions and consistently delivering the reliable, best-in-class service that defines our operations. The unwavering commitment of our team has strengthened our airline, boosting efficiency while consistently improving our exceptional customer experience. 'As we expand our network and enhance our offerings, we remain focused on connecting more people with Abu Dhabi and supporting the Emirate's tourism ambitions, fulfilling our vision to be the airline that everyone wants to fly.' Credit rating agency Fitch upgraded Etihad's rating to A+ in July 2024, citing its materially stronger standalone credit profile.
Gulf Business
20-02-2025
- Business
- Gulf Business
Etihad Airways reports Dhs1.7bn in net profit in 2024
Image: Etihad Airways Etihad Airways reported a solid financial performance for 2024, posting a profit after tax of Dhs1.7bn ($476m) driven by substantial increases in passenger and cargo revenues. The airline's total revenue surged 25 per cent year-on-year to Dhs25.3bn ($6.9bn), propelled by a 32 per cent rise in passenger numbers and a 24 per cent increase in cargo revenue. The airline carried 18.5 million passengers in 2024, up from 14 million in 2023, reflecting sustained demand across its expanding network. The passenger business alone generated Dhs20.8bn ($5.7bn), while cargo contributed Dhs4.2bn ($1.1bn). Etihad's performance also benefitted from a 28 per cent year-on-year increase in available seat kilometres (ASK) and an improved passenger load factor of 87 per cent, up from 86 per cent in 2023. Etihad routes The airline's operational efficiency showed notable improvements, with increased flight frequencies on 25 routes and more than 20 new destinations added in 2024, including Boston, Jaipur, Bali, and Nairobi. Over the next year, Etihad will launch additional destinations, including summer hotspots such as Antalya, Nice, and Santorini. The carrier's fleet continued to grow with 12 new aircraft, including six A320 NEOs and the re-entry of its fifth A380. Etihad also continued its commitment to sustainability, boasting one of the region's youngest and most fuel-efficient fleets. The carrier has furthered its environmental, social, and governance (ESG) goals through these fleet improvements. In a move to enhance customer service, Etihad introduced a dedicated premium call centre and upgraded its website and mobile app with over 200 enhancements. The airline also approved a significant Dhs3bn retrofit programme, its largest ever, aimed at improving cabin comfort and inflight experience. Etihad's loyalty programme, Etihad Guest, also reached a milestone of 10 million members. Industry awards recognised Etihad's service excellence, including 'Best Cabin Crew' and 'Best Customer Experience'. also named Etihad Environmental Airline of the Year for the third consecutive year. New hires and employee force Etihad's workforce grew to over 11,000 employees, with more than 2,000 new hires and over 1,500 promotions. The Chairman Mohammed Ali Al Shorafa praised the airline's success, stating, 'Our commitment to offering best-in-class service has strengthened our operations, boosted efficiency, and helped deliver remarkable results. As we expand our network and enhance our offerings, we continue to support Abu Dhabi's tourism ambitions and position ourselves as the airline everyone wants to fly.' The The airline's financial performance was further bolstered by a decrease in operating costs, with both CASK (cost per available seat kilometre) and CASK ex-fuel down by 3 per cent and 4 per cent, respectively. Etihad's EBITDA grew 32 per cent to Dhs4.7bn ($1.3bn), reflecting the success of its cost-efficiency measures.
