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Sun 17 Mar 2019 10:35 AM

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Revealed: ADNEC's impact on Abu Dhabi economy in 2018

Abu Dhabi National Exhibitions Company says value of its direct and indirect impact on the Abu Dhabi economy totalled $930m

Revealed: ADNEC's impact on Abu Dhabi economy in 2018
ADNEC said it welcomed more than two million visitors from across the globe in 2018.

Abu Dhabi National Exhibitions Company (ADNEC) has announced that the value of its direct and indirect impact on the Abu Dhabi economy in 2018 totalled AED3.41 billion ($930 million).

The company's 2018 results followed a 14 percent growth in the number of events hosted by ADNEC and Al Ain Convention Centre (AACC) which collectively notched up a record 502 events in 2018, compared to 442 in 2017.

ADNEC said it welcomed more than two million visitors from across the globe in 2018 while supporting the creation of over 20,000 job opportunities in related sectors and helping generate 473,454 guest nights for the hospitality sector in the emirate.

ADNEC also recorded steady growth in the number of Emiratis among its workforce that reached 72 percent in 2018, up from 69 percent in 2017.

Humaid Matar Al Dhaheri, CEO of the ADNEC Group, said: "Capping its past achievements, ADNEC has notched up excellent results in 2018, buoyed by the record growth in the number of events hosted by its venues as well as the solid performance of its key business segments, especially exhibitions and conferences."

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