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Sun 18 Aug 2019 08:19 AM

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ADNEC says contributed $630m to Abu Dhabi economy in H1

Abu Dhabi National Exhibitions Company reveals 45% boost to local economy in first six months of 2019

ADNEC says contributed $630m to Abu Dhabi economy in H1
The International Defence Exhibition and World Future Energy Summit were both held at ADNEC.

Abu Dhabi National Exhibitions Company has revealed that its businesses contributed AED2.3 billion ($630 million) to the local economy in the first six months of the year.

In a statement, the company said that its Abu Dhabi National Exhibition Centre and Al Ain Convention Centre contributed 45 percent more to the economy compared to the same period in 2018.

It added that the company's cumulative economic impact rose to AED34.3bn since it was established in 2005.

The company said in a statement that this increase was as 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.

The two venues hosted a total of 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 venues’ surrounding hotels registered 343,100 overnight visitors, the statement added.

In H1, ADNEC and AACC welcomed more than 1.5 million visitors from the UAE and across the world, marking an increase of 79 percent.

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."

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 square metres of flexible events space.

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