Abu Dhabi National Exhibitions Company buys ExCeL London.Abu Dhabi National Exhibitions Company The Abu Dhabi National Exhibitions Company (ADNEC) is the UAE capital's most prestigious exhibition centre and is currently undergoing an investment programme which will culminate in 57,000 m² of exhibition , a 21,000 m² visitor concourse and 7,500 m² of multi-purpose halls. (ADNEC ADNEC Abu Dhabi National Exhibition Centre (Abu Dhabi, UAE) ) has acquired control of ExCeL London, the UK capital's leading exhibition and conference venue through a UK subsidiary. The acquisition, valued at more than AED AED - Automated Engineering Design 2.3 billion (some US$626 million), is part of ADNEC's strategy of developing a global network of venues to serve the international exhibitions industry."This very important acquisition is designed to directly support the Abu Dhabi Government's economic diversification strategy," said Sheikh Sultan Bin Tahnoon Al Nahyan, ADNEC Chairman. "Ensuring Abu Dhabi's role as a major global business tourism centre is an integral element of the strategy. This acquisition will allow us to attract fresh investment, events and talent to the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. capital and demonstrates our serious commitment to London, the UK and the international events industry." ExCeL London will act as a cornerstone for the development of a blue-chip brand utilizing the existing expertise and reputation of both ExCeL London and ADNEC. "ExCeL London has a strong track record of attracting a wide range of leading events and has become one of Europe's most important exhibition and conference venues," said Simon Horgan, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , ADNEC. "ADNEC's strategy is to become the world's leading venue provider to the exhibitions industry. By developing a network of world-class venues we will be able to serve the needs of an industry that is increasingly global in its outlook. ExCeL London will play a vital role in delivering ADNEC's strategy and in doing so has a very bright future. "The benefits to Abu Dhabi include increased international awareness of the city and the emirate e·mir·ate n. 1. The office of an emir. 2. The nation or territory ruled by an emir. Noun 1. emirate - the domain controlled by an emir , international training opportunities for UAE nationals and an opportunity to support international events." ExCeL London opened in November 2000 and is the city's largest and most successful exhibition and conference centre, having hosted well over 2,000 live events, including The British International Motor Show The British International Motor Show is an automobile show held biennially in the United Kingdom. It is recognised as an international show by the Organisation Internationale des Constructeurs d'Automobiles. , one of the world's most popular motor events; and the London Boat Show The London Boat Show is held each January at the ExCeL Exhibition Centre in the heart of London, just opposite the O2 and the centre of London's business and entertainment centre. It is a very large event, now in its 54th year, which uses ExCeL's two 32,500 square metre halls. , a leading public boating exhibition. ExCeL London will also provide key venues for the London 2012 Olympics. ExCeL's existing exhibition commitments - including its role in the staging of the London 2012 Olympics - will not be affected by the deal. ADNEC is one of the world's leading exhibition developers. It built, owns and manages the 55,000+sqm state-of-the-art Abu Dhabi National Exhibition Centre- the Arabian Gulf's largest exhibition venue. [c] 2008 Mena Report (www.menareport.com) |
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