Abu Dhabi National Exhibitions Company (ADNEC) has revealed that the value of its direct and indirect impact on Abu Dhabi’s economy in 2018 was registered at $928.4 million.
The company shared its 2018 results at a press conference at the Abu Dhabi National Exhibition Centre, headlined by CEO, ADNEC Group, Humaid Matar Al Dhaheri, that united senior ADNEC officials and representatives of major media outlets.
ADNEC’s strong 2018 results followed a 14 per cent growth in the number of events hosted by Abu Dhabi National Exhibition Centre and Al Ain Convention Centre (AACC), which collectively notched up a record 502 events in 2018, compared to 442 events in 2017. This brings the total number of events hosted by ADNEC’s venues since its inception 14 years ago to 3,390.
ADNEC welcomed more than two million visitors from across the globe in 2018.
In 2018, ADNEC venues collectively hosted 57 local and international exhibitions, including nine new additions, representing a 7.4 per cent increase over 2017, when they welcomed 54 exhibitions. Furthermore, the number of rotational conferences of specialised international associations presented by ADNEC venues, some of them marking their Middle East debut, increased from 14 in 2017 to 19 in 2018, posting a 35 per cent growth.
ADNEC also won the rights for five major international conferences in 2018 and submitted bids for 22 conferences in collaboration with several local and federal associations, and other entities.
In 2018, Al Ain Convention Centre hosted 90 events, while ExCeL London, the wholly owned subsidiary of ADNEC in the UK capital, put on 412 events and welcomed 2.3 million visitors.
Al Dhaheri spoke on the achievements: “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.”
He continued: “Over the years, ADNEC has significantly increased its market share within the region’s fast-growing event industry, which reflected positively on the performance of diverse economic and knowledge-based sectors and provided a fresh impetus for trade and investment in the emirate.”
Al Dhaheri also noted that ADNEC attended several highly targeted international MICE events in 2018 to promote Abu Dhabi’s credentials as a preferred destination for business tourism. At these events, the company participated in a series of meetings and showcased Abu Dhabi’s state-of-the-art MICE infrastructure and cutting-edge facilities to top decision makers from the global meetings industry and related businesses.