Abu Dhabi National Exhibitions Company (ADNEC) was one of the main supporters of the GED initiative, which began in 2016 and is now supported by 40 exhibition industry associations and coordinated by UFI, the Global Association of the exhibition industry.
Humaid Matar Al Dhaheri, Group CEO of ADNEC said: “These are truly exciting times for the global MICE industry as analysts are predicting a compound annual growth rate (CAGR) of 7.5% in the next five years and reaching US$1.24bn in 2023. Rapid globalisation along with the expansion of service industries and the continuing emergence of newer technologies have become key drivers in this industry’s continuous growth. In line with this, ADNEC is confident that it will be a key player in the growth – remaining steadfast in our commitment to provide world class services and facilities to the region. We join the whole world as it celebrates GED, which aims to highlight the importance of the MICE industry for world economies.
“With over 260m visitors and 4.4m exhibitors generating 98bn euros in revenues every year, the MICE industry contributes significantly to the GDP of every country in the world. ADNEC has great pleasure in being a part of this industry.