Saturday 21 May 2022

Abu Dhabi National Exhibitions Company posts solid growth in 2021

ABU DHABI, 29 days ago

Abu Dhabi National Exhibitions Company (Adnec), a subsidiary of ADQ, said it has delivered exceptional growth and diversification in 2021, with the value of its direct and indirect impact on the Abu Dhabi economy hitting AED2.4 billion ($653 million).
During 2021, the group made significant investments and expanded its mandate to the leisure tourism sector, which contributed to a strategic approach to diversifying the portfolio.
Managing Director and Group CEO Humaid Matar Al Dhaheri said: "2021 was an exemplary year for us as we achieved a number of major successes and milestones, cementing our positioning at the forefront of the business tourism industry. Adnec continues to support the promotion of Abu Dhabi as the region’s pioneering business tourism hub through hosting leading international exhibitions and conferences."
Al Dhaheri said: "Our success is a testament to the dedicated and committed teams who constantly strive to elevate the company’s standard of excellence, flexibility and adopting best practices at both local and international levels.  Together, with our partners, we have overcome unprecedented challenges of recent years and look forward to a bright future ahead as we continue to evolve our business throughout the recovery phase of the global pandemic and navigate a pathway to sustained success."
In 2021, Adnec, in collaboration with SEHA, continued to be a key player in delivering critical support for Abu Dhabi and the UAE - mitigating the impact of Covid-19.
Throughout 2021, Adnec also launched Tourism 365, to support in creating experiential travel opportunities for tourists coming to Abu Dhabi, and to enhance the emirate’s regional and global positioning in the wider tourism sector.
Tourism 365 aims to increase leisure visitors, enhance guest experiences and extend people’s stay in the UAE’s capital. The new company consists of Capital Experience, a high-quality destination management company, and Capital Travel, a premium travel operator.
ADNEC continued its growth with the acquisition of the Etihad Airport Services Catering and Etihad Holidays. Etihad Airport Services Catering united with ADNEC’s catering arm Capital Hospitality, while Etihad Holidays joined ADNEC’s tourism promotion business, Tourism 365 - further augmenting ADNEC’s long-term investment strategy.
The acquisition of the companies is part of the company’s strategic efforts to boost the UAE’s tourism sectors, given Adnec’s extensive experience and capabilities across both the hospitality and tourism industry, he added.-TradeArabia News Service


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