Ethara Announces ADGM As Official Supporter Of Formula 1 Abu Dhabi Grand Prix

In a move that underscores Abu Dhabi's ascendancy as a hub for cultural, economic, and technological advancement, Ethara has unveiled the Abu Dhabi Global Market (ADGM) as the latest Event Supporter for the 16th Formula 1 Etihad Airways Abu Dhabi Grand Prix. This collaboration marries two of Abu Dhabi's premier institutions in a shared pursuit of innovation, excellence, and global prominence, promising to enhance the grandeur of the event held at Yas Marina Circuit.

The Abu Dhabi Grand Prix, renowned as one of the Middle East's largest annual sports and entertainment spectacles, attracted upwards of 170,000 enthusiasts during the race weekends in 2023. This event not only showcases Abu Dhabi's dynamic growth but also significantly contributes to the local economy, with the 2023 race week generating over AED 1.165 billion in attendee spending. As the newly announced Event Supporter, ADGM is set to play a pivotal role in elevating the overall experience of this prestigious event, reinforcing its stature within the global financial ecosystem.

Salem Al Darei, CEO of the ADGM Authority, stated: "We are pleased to partner with Ethara as the official Event Supporter for the iconic Abu Dhabi Grand Prix. As an event that embodies the spirit of innovation and excellence, ADGP's forward-thinking principles align with ADGM's progressive and advanced approach that is accelerating the development of one of the fastest-growing international financial centres. By supporting the 16th edition of the event, we aim to further solidify Abu Dhabi's reputation as a global hub for culture, entertainment, and business, creating lasting impacts within the local and international communities."

ADGM, since its establishment in 2015, has been instrumental in bridging the economies of the Middle East, Africa, and South Asia (MEASA) with the global market. It offers a robust legal and regulatory framework that propels financial innovation and growth across various sectors, including banking, asset management, and fintech. By fostering a culture of transparency, integrity, and sustainability, ADGM contributes significantly to Abu Dhabi's strategic vision of becoming a leading global financial hub.

The Abu Dhabi Grand Prix is not just about high-speed races; attendees can also expect a dazzling array of entertainment options. The highly anticipated Yasalam After-Race Concerts, luxury hospitality experiences, and more promise to create memorable moments for all visitors. This partnership aims to not only offer unforgettable experiences but also to affirm Abu Dhabi's status as a preeminent destination for world-class events and experiences.

Fans from around the globe, showing immense interest in this season's F1 races, still have a chance to secure limited tickets and experience packages. Moreover, the 'Yas All In' ticket offering enhances the race weekend's allure by granting full weekend ticket holders exclusive access to Yas Island's thrilling amusement parks and complimentary entry to several cultural landmarks in the capital.

Saif Rashid Al-Noaimi, CEO of Ethara, shared his excitement about the collaboration, saying, "As we gear up for the 16th edition of the Abu Dhabi Grand Prix, we are excited to welcome ADGM as our official Event Supporter. This partnership reflects our commitment to delivering extraordinary experiences that align with and support the country's economic growth agenda. With ADGM's support, we aim to elevate the Abu Dhabi Grand Prix to new heights."