ADQ Board Reiterates Strong Q3 Growth and Strategic Developments

Post by : Bianca Suleiman

His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Member of the Supreme Council for Financial and Economic Affairs, presided over ADQ’s fourth board meeting of 2025, where he commended the robust resilience and performance of the company's diverse portfolio. The board evaluated the performance from the third quarter, indicating notable growth across various vital sectors that are essential to the nation’s progress and economic diversification.

The meeting included comprehensive updates on ADQ’s transport and logistics branches, a pivotal component of Abu Dhabi’s global standing. Etihad Airways reported its most successful nine-month period ever, achieving a profit after tax of AED 1.7 billion, a remarkable 26% increase compared to the previous year. Total revenue spiked to AED 21.7 billion, while passenger counts reached 16.1 million, reflecting an 18% uptick, alongside a new operational high with 300 daily flights.

Abu Dhabi Airports also celebrated noteworthy progress, accommodating 8.49 million passengers in Q3 alone, representing a 10.1% year-on-year growth. This achievement marks over four years of consistent double-digit quarterly growth. Meanwhile, AD Ports Group demonstrated substantial momentum with its highest net quarterly profit since its listing, reaching AED 596 million, a 34% increase compared to the prior year. The group also secured a Guinness World Record for the deployment of 205 AI agents—more than any other logistics facility has achieved.

In the energy and utilities domain, TAQA made strides in its strategy to broaden its international presence across power and water sectors. For the first three quarters of 2025, TAQA reported group revenues of AED 42.7 billion, reflecting a 2.9% increase mostly attributed to its transmission and distribution operations. Additionally, EBITDA reached AED 16 billion, with net income at AED 6.1 billion, signifying sustained demand and effective asset management.

Sustainable manufacturing was another significant topic, as TA’ZIZ advanced the development of a world-class industrial ecosystem, recently awarding a AED 7.3 billion EPC contract to construct one of the world's largest PVC complexes in the UAE. This initiative is expected to enhance domestic production of crucial chemicals while opening new downstream options. Furthermore, TA’ZIZ and ADNOC Logistics and Services signed a long-term agreement to establish a dedicated chemicals port in Al Ruwais, boosting export capacity while furthering the UAE's aim to be a competitive global industrial hub.

The board also assessed ongoing efforts to integrate advanced technologies aimed at enhancing productivity and streamlining various operations. Senior leadership participated in a workshop to discuss practical uses of smart automation and workflow optimization to improve decision-making and operational efficiency across the organization.

His Excellency Mohamed Hassan Alsuwaidi, Managing Director and Group Chief Executive Officer of ADQ, highlighted that the company's accomplishments are a testament to disciplined strategic execution and alignment with national priorities. He stated that enduring growth, infrastructure investment, and innovation are essential pillars for creating long-term value.

Attendees of the meeting included senior officials such as His Highness Sheikh Zayed bin Hamdan bin Zayed Al Nahyan and other distinguished board members. The discussions also covered community-oriented initiatives, emphasizing ADQ’s role as the Headline Partner of Abu Dhabi Finance Week 2025, which brought together leading investors managing assets exceeding US$70 trillion.

In summary, the fourth board meeting highlighted ADQ’s continued trajectory toward building resilient sectors, promoting economic diversity, and advancing projects that strengthen Abu Dhabi’s global competitive edge.