Abu Dhabi


The Abu Dhabi National Exhibition Centre, owned and operated by the Abu Dhabi National Exhibitions Company (ADNEC), part of ADQ, has been recognised as the Best International Venue in 2020 at the EN Awards in London.

During 2020, the Centre hosted a range of specialised exhibitions, including the Middle East’s vehicles and robotics event, UMEX and SimTEX 2020, alongside hosting the 11th Session of the World Urban Forum.

Humaid Matar Al Dhaheri (pictured), managing director and group CEO of ADNEC, commented: “This award is indicative of the success of our company’s strategic vision, alongside the talent of our teams who work at the highest levels of professionalism in supporting the international business tourism industry.”

At the outset of Covid-19, the Centre was passed over to the Abu Dhabi Health Services Company (SEHA). SEHA and ADNEC employees collaborated closely in transforming the Centre into a field hospital, and then subsequently a testing and vaccination hub. ADNEC’s two other exhibition centres, the Al Ain Convention Centre and ExCeL London, were also both converted into field hospitals to support Covid-19 relief efforts in the United Arab Emirates and the United Kingdom.

Since its opening, the Abu Dhabi National Exhibition Centre has won 106 awards in total.

The EN Awards are organised by Mash Media Group.

Source: www.exhibitionworld.co.uk

Gulf media report that Abu Dhabi holding company ADQ has submitted an offer to Abu Dhabi National Hotels Company to merge it with its Abu Dhabi National Exhibitions Company (ADNEC) and create one of the largest hospitality, events and catering groups in the region.

The combined group would have assets of approximately Dh20bn ($5.45bn) and comprise 28 owned and operated hotels with a total of 6,700 rooms, three exhibition centres (in Abu Dhabi, Al Ain and ExCeL London), as well as several catering companies.

“This proposed offer provides a unique opportunity to create value by bringing together two major players in Abu Dhabi’s hospitality and events sector,” said Mansour AlMulla, chief investment officer of alternative investments and mergers and acquisitions at ADQ. He added that the combined company would benefit from increased scale, new revenue opportunities, and an enhanced capital structure that will position it well for future growth.

As part of the proposal, ADNH would issue to ADQ a convertible instrument that would convert into 1.2 billion ordinary shares in the capital of ADNH.

The offer implies an equity value of approximately Dh3.93bn for ADNH, giving ADQ just under 55% of the company shareholding.

The requirement of necessary regulatory approvals are likely to mean the transaction could close during the second half of 2021.

Set up in 2018, ADQ has a portfolio that includes Abu Dhabi Power Corporation, Abu Dhabi Airports, Abu Dhabi Ports, Etihad Rail, Seha, insurer Daman, media companies Abu Dhabi Media and twofour54 and Abu Dhabi National Exhibitions Company, among others.

Abu Dhabi National Hotels owns the Ritz Carlton Abu Dhabi Grand Canal, Sofitel Jumeirah Beach, Le Meridian Abu Dhabi and Address Dubai Mall, among others. It reported a 154% jump in its first quarter profit.

The ADNEC portfolio includes the 100-acre ExCeL London exhibitions and conventions centre in the London Docklands, Al Ain Convention Centre, Aloft London ExCeL, Aloft Abu Dhabi, Andaz Capital Gate Abu Dhabi and Anantara Sir Bani Yas Island Abu Dhabi Resort.

Source: www.exhibitionworld.co.uk/