133% growth in exhibition volume
624 million dirhams expected financial returns for "ADIPEC" on the Abu Dhabi economy
dmg events, the organizer of the Abu Dhabi International Petroleum Conference and Exhibition "ADIPEC", estimated the direct and indirect financial returns for this year's session, which begins next Monday, at a value of 170 million dollars, equivalent to about 624 million dirhams on the Abu Dhabi economy, distributed between 50 One million dollars (about 183.5 million dirhams) coming from marketing operations, equipment maintenance, cleaning, technological support, accounting, etc., in addition to a contribution estimated at 120 million dollars (440.4 million dirhams) through hotel occupancy, flight reservations, daily spending, freight services, transporters and restaurants, pointing out that The volume of deals and returns witnessed in the 2019 cycle amounted to $80 billion, whether from local or international agreements.
The company stated during a press conference in Abu Dhabi that it had received early requests to participate in the ADIPEC exhibition in the year 2021, which will be in attendance, which reflects the importance of the exhibition for the oil and gas industry in the world.
The company explained that the size of the exhibition in its new session is estimated at 140,000 square meters, compared to 60,000 square meters in 2008, with a growth rate of 133%, while the number of attendees is expected to be 80,000 compared to 38.7 thousand in 2008, with a growth rate of 107%.
In addition, the Minister of Industry and Advanced Technology, Managing Director and CEO of “ADNOC” and its group of companies, Dr. Sultan Ahmed Al-Jaber, said in a press statement yesterday, “After holding it hypothetically last year due to the (Covid-19) pandemic, (ADIPEC 2021) will return to this session. The year was in attendance at an important time for the energy sector, with the participation of a distinguished group of officials and experts, to continue its vital role in discussing energy issues and its future and the variables that affect this important industry.”
He added that "the importance of the event is increasing this year because it is an ideal opportunity to discuss the outcomes of the Conference of the Parties to the United Nations Framework Convention on Climate (COP26) in Glasgow, and how the energy sector can contribute to providing practical solutions to the repercussions of climate change while ensuring a stable, reliable and low-carbon supply of energy. ».
• Sultan Al-Jaber: (ADIPEC 2021) will be held in attendance at an important time for the energy sector, with the participation of a distinguished group of officials and experts.
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