ADNEC delivers economic impact of AED 4.9 billion

kf - Wednesday, April 1, 2020    

ADNEC delivers economic impact of AED 4.9 billion

Abu Dhabi National Exhibitions Company (ADNEC), a subsidiary of ADQ, announced that the value of its direct and indirect impact on the Abu Dhabi economy in 2019 was AED 4.9 billion, an increase of 46% from 2018. This takes the total value of its contribution to the local economy since its inception in 2005 to AED 36.9 billion. ADNEC's strong 2019 results followed a 15.8% growth in the number of visitors from across the globe during 2019, which totaled 2.3 million visitors. For 2019, 496 events were hosted by Abu Dhabi National Exhibition Centre and Al Ain Convention Centre. In 2019, ADNEC venues collectively hosted 11 new exhibitions which amounted to an increase of 22.2% compared with 2018, and ADNEC hosted 60 global and local exhibitions, representing a 5.2% increase over 2018. The company supports the creation of job opportunities, which has reached 27,543 jobs in related sectors, representing a 42.36% increase. In the past year, 72% of the total workforce were Emiratis, while Emiratisation of senior management positions reached 87%. (kf)


Related Articles

IEG reports record results for 2019

The president of Italian Exhibition Group, Lorenzo Cagnoni, and managing director Corrado Peraboni have announced that the board of directors has approved the consolidated financial statement and budget plan.

Read more
MCH Group satisfied with result

Financial year 2019 of MCH Group, Basel, was marked by key decisions regarding stabilisation and the future strategic orientation of the company.

Read more
Informa Markets reports 2019 results and 2020 plans

The fiscal year 2019 was a good one for Informa Markets as the events division of Informa Group saw an underlying revenue increase of +4.3% to £1,450m.

Read more

Most read articles

Segmenting "mass gatherings"

The German government has decided to pave a way for exhibitions and trade shows in the country to reopen.

Read more
Joint initiative

The initiative Afrika Umoja is tackling the COVID-19 threat across Africa.

Read more
Going virtual

The IMEX team have created a brand-new virtual experience, PlanetIMEX, due to launch on May 6, 2020 and run for several months.

Read more

Categories and Tags

Markets | Advertorial | Abu Dhabi National Exhibitions Company | ADNEC | Results | Impact