Post by : Badri Ariffin

His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and member of the Supreme Council for Financial and Economic Affairs, chaired ADQ’s fourth board meeting of 2025, where he commended the enduring strength and resilience of the company’s portfolio. The board evaluated the performance in the third quarter, highlighting substantial growth across various critical sectors that support national development and economic diversification.

During the session, comprehensive updates were provided on ADQ’s transport and logistics operations—key pillars of Abu Dhabi’s global competitiveness. Etihad Airways celebrated its strongest nine-month performance ever, posting a profit after tax of AED 1.7 billion, a 26% increase year-on-year. Revenues rose to AED 21.7 billion, with passenger numbers climbing to 16.1 million, an 18% increase, achieving a new operational high of 300 daily flights.

Abu Dhabi Airports also reported noteworthy progress, accommodating 8.49 million passengers in the third quarter, marking a 10.1% rise compared to the same period last year. This continues a trend of over four years of sustained quarterly double-digit growth. AD Ports Group amplified its momentum with its highest net quarterly profit since its listing, amounting to AED 596 million, up 34% year-on-year. Additionally, the group earned a Guinness World Record for deploying 205 AI agents—the largest quantity ever utilized in a logistics setting.

In the energy and utilities segment, TAQA progressed its strategy to extend its international presence in power and water sectors. For the first nine months of 2025, TAQA reported group revenues of AED 42.7 billion, reflecting a 2.9% increase primarily driven by transmission and distribution activities. EBITDA reached AED 16 billion, with net income hitting AED 6.1 billion, demonstrating robust demand and efficient asset management.

Sustainable manufacturing also took center stage, with TA’ZIZ advancing its plans for a world-class industrial ecosystem through an EPC contract worth AED 7.3 billion to construct one of the globe's largest PVC complexes in the UAE. This project will enhance local production of essential chemicals and open new downstream industrial avenues. Furthermore, TA’ZIZ and ADNOC Logistics and Services signed a 50-year agreement to create a dedicated chemicals port in Al Ruwais, boosting export capabilities and facilitating the UAE’s ambition to emerge as a globally competitive industrial hub.

The board also deliberated on ongoing integration of advanced technology to enhance productivity and streamline operations. Senior leadership participated in a workshop exploring practical applications of smart automation and workflow optimization aimed at bolstering decision-making and operational efficiencies across ADQ’s extensive portfolio.

His Excellency Mohamed Hassan Alsuwaidi, Managing Director and Group Chief Executive Officer of ADQ, highlighted that the company’s outcomes illustrate disciplined strategy execution and strong alignment with national priorities, asserting that continuous growth, infrastructure investment, and innovation are foundational for long-term value creation.

The meeting was attended by senior officials including His Highness Sheikh Zayed bin Hamdan bin Zayed Al Nahyan and other distinguished board members. The board also discussed community-focused initiatives, underscoring ADQ’s role as the Headline Partner of Abu Dhabi Finance Week 2025, which convened leading global investors managing over US$70 trillion in assets.

In conclusion, the fourth board meeting reflected ADQ’s increasing momentum in solidifying resilient sectors, advancing economic diversification, and furthering projects that enhance Abu Dhabi’s stature as a competitive global hub.

#Global News #Abu Dhabi News #UAE News