Adipec generates $8.5b deals, breaking previous records

More than 70,000 visitors attended the 30th anniversary edition of Adipec this year, an increase of more than one-third compared to 2013.



By Haseeb Haider (Principal Correspondent)

Published: Mon 24 Nov 2014, 11:37 AM

Last updated: Wed 13 Oct 2021, 12:44 PM

Abu Dhabi — An estimated $8.5 billion worth of business was generated during the 17th edition of the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) last week, breaking all its previous records, according to the organisers of the landmark energy event.

Posting a 70 per cent growth in generated business compared to last year’s value of $5 billion, Adipec 2014 has also broken its previous records in international attendance and participation. More than 70,000 visitors attended the 30th anniversary edition of Adipec this year, an increase of more than one-third compared to 2013.

Adipec 2014 also welcomed 1,868 exhibitors, 6,323 delegates, and in excess of 600 speakers, bringing the world’s decision makers, industry leaders, and experts under one roof to address the most critical issues surrounding the ever-growing global energy demand.

Held under the patronage of The President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, Adipec 2014 was hosted by the Abu Dhabi National Oil Company (Adnoc), organised by dmg events, and supported by the UAE Ministry of Energy and the Abu Dhabi Chamber of Commerce and Industry.

Abdulla Nasser Al Suwaidi, director general of Adnoc, said: “It is through such initiatives that we are able to bring the best and brightest minds to share the most sophisticated technologies, latest research, and expertise. This dissemination of knowledge plays a pivotal role in the development and progress of the energy sector. Adnoc is determined to continue supporting this success, and we look forward to more success at Adipec 2015.”

Ali Khalifa Al Shamsi, Adipec 2014 chairman, and strategy and coordination director at Adnoc, said: “This remarkable achievement reflects the tireless efforts of all stakeholders involved. We would like to thank every individual and entity that has played an important role in the success of Adipec 2014, from the organisers and supporters, to the participants and all those who attended. This extraordinary accomplishment would not have been possible without their support and contribution.”

This year’s edition of Adipec hosted 16 national oil companies and 17 international oil companies, with 20 international pavilions including major market players US, China, and Canada, and emerging markets Indonesia and India, marking the largest global participation in Adipec’s history.

Christopher Hudson, senior vice president of energy at dmg events, said: “The success of Adipec 2014 and the participation of all key stakeholders have cemented the event as a global knowledge-sharing hub in the region.” haseeb@khaleejtimes.com


More news from Business
In-store shopping regains trust

Business

In-store shopping regains trust

What is happening now is that as Covid-19 cases continue to decline, residents are regaining confidence in in-store shopping. This is according to a Kearney study in which UAE respondents cite convenience (51 per cent), enhanced shopping experience (49 per cent) and competitive pricing (44 per cent) as the main motivators driving them back to brick and mortar stores

Business3 days ago