Adnec Group doubles value of economic contributions $2bn

Adnec group announced on Wednesday (February 7) that the direct and indirect economic contributions of the group’s seven business sectors to the economy of Abu Dhabi and the UAE in general doubled to AED7.37 billion ($2.01 billion) in 2023, an increase of 107% compared to AED3.56 billion in 2022.

The contribution is the largest in the group’s history since its establishment in 2005. 

Humaid Matar Al Dhaheri, Managing Director and CEO of Adnec Group, said: “These record achievements came in line with the group’s commitment to develop and innovate solutions and initiatives aimed at accelerating performance growth rates and seizing investment opportunities in its seven business sectors, and working closely to achieve added value for all its shareholders and partners in the government and private sectors, in order to emphasise the position of the emirate of Abu Dhabi as the capital of the business and leisure tourism sectors in the region.” 

Al…