Back to all abu-dhabi news

EXCLUSIVE: Etihad CEO on growth, IPO talk and Ethiopian Airlines tie-up

Etihad Airways CEO Antonoaldo Neves tells us more about a new partnership with Ethiopian Airlines, the airline’s ambitious growth plans, record profits, and the much-speculated IPO

Gareth van Zyl
Gareth van Zyl

21 March, 2025

EXCLUSIVE: Etihad CEO on growth, IPO talk and Ethiopian Airlines tie-up
Etihad Airways CEO Antonoaldo Neves.

TT

16

In this exclusive Gulf Business interview, we spoke with Etihad Airways CEO Antonoaldo Neves onboard a special flight to Addis Ababa, Ethhiopia.

Earlier this week, Etihad Airways and Ethiopian Airlines inked a joint venture agreement that will open up a new route between Addis Ababa Bole International Airport and Abu Dhabi’s Zayed International Airport from 15 July. As part of the agreement, Etihad Airways will launch daily services to Addis Ababa from 1 October 2025.

READ MORE: Etihad, Ethiopian Airlines to launch Abu Dhabi-Addis Ababa flights

The conversation covers Etihad’s new partnership with Ethiopian Airlines, but also looks at the Abu Dhabi-based airline’s ambitious growth plans, record profits, and the much-speculated IPO.

Below is the transcript of the conversation, edited for clarity and readability.

Watch the full interview here:


We’re on this special flight with you and the Etihad Airways team to Ethiopia. Can you tell us more about what’s happening?

Etihad is working really hard to expand our partnerships across the globe. We just announced recently a very important partnership with China Eastern, which allows us to fly to China differently and provide our customers more options. And today, we’re very happy to announce that we’re going to make a very similar partnership with Ethiopian Airlines.

This is extremely important for Etihad because it means we can offer customers many more options into Africa, and at the same time, we can provide Ethiopian customers many, many options that Etihad has today to different places around the world.

And when you talk about the partnership, is it like a codeshare partnership? Can you unpack some of the logistics?

Yes, it’s a joint venture partnership. It starts with the airlines cooperating point-to-point, across about ten destinations, working together to sell and carry passengers in and out of those destinations.

Airline partnerships usually start with an interline agreement – that’s the most basic. For example, you fly Etihad (EY) and then connect on Ethiopian Airlines (ET).

Then, the partnership can evolve into a codeshare agreement, where you fly on, say, an Ethiopian plane but under the Etihad flight code.
But you can even go beyond that to a joint venture model, which is more in-depth collaboration. You provide better schedules, better pricing, seamless journeys, and all airlines share the revenue equally.

So practically, if you’re flying from Abu Dhabi to Addis, you could be on either an Etihad or Ethiopian plane, but for you as a customer, the price and experience would be the same. There’s no seat allocation restriction like in codeshare; Etihad could sell 70 per cent of seats on an Ethiopian flight and vice versa.

Why did you decide to go with the joint venture approach instead of the typical codeshare approach?

It’s a matter of speed. Traditionally, airlines go interline, get to know each other, move to codeshare, and then joint venture – a process that can take up to seven years. But there’s so much opportunity in the market now.

Both Etihad and Ethiopian have strong organisational capabilities. If it’s better for both sides, why not do it sooner?

This approach benefits Etihad, Ethiopian, and most importantly, the customers. So, we decided to fast-track it.

Ethiopian Airlines has grown in leaps and bounds recently. It’s now a central hub for African aviation. Abu Dhabi, of course, is also central. Does this give you two hubs from which you can operate globally?

Exactly. You’ve got to admire your counterpart. Ethiopian has built something amazing. They’re about the same size as Etihad, and they provide very good service.

We’re partnering with an airline that shares our view on how an airline should be run and how to develop the future of aviation. Their A350s are amazing, and we believe this is a milestone for the industry.

Etihad will benefit from their network, and in the past three years, we’ve doubled our size – growing from 10 million to 21 million passengers this year.

No other airline in the Middle East provides the frequency we do to the Middle East and India. Customers value frequency.

Now, we’re flying four times a day to multiple markets. Three years ago, we didn’t have that. We’re focused on convenience and providing multiple flights daily to key markets.

And in terms of the number of destinations you serve – it’s grown significantly too?

Yes, but two-thirds of our growth is adding capacity to existing markets, not just new destinations.
Two years ago, we had 15 destinations with more than two flights a day. Today, we have over 40. For example, four flights daily to Kuwait.

We’ll keep opening 10-15 new destinations yearly – Addis Ababa is our 15th this year. But equally important is increasing frequencies in markets we already serve.

Customers value not just price but the ability to fly when they want, with short connections and reliable service.

Seated left to right, Mesfin Tasew, Ethiopian Airlines’ Group CEO and Antonoaldo Neves, Chief Executive Officer of Etihad Airways. Standing, Lt Gen Yilma Merdassa, Chairman of Ethiopian Airlines and His Excellency Mohamed Ali Al Shorafa, Chairman of Etihad Aviation Group.
Seated left to right, Mesfin Tasew, Ethiopian Airlines’ Group CEO and Antonoaldo Neves, Chief Executive Officer of Etihad Airways. Standing, Lt Gen Yilma Merdassa, Chairman of Ethiopian Airlines and His Excellency Mohamed Ali Al Shorafa, Chairman of Etihad Aviation Group.

Talking about the region, the GCC aviation sector seems to be experiencing a golden age. Your neighbour Dubai is seeing record traffic. Is this growth unstoppable?

Absolutely. Airline growth is always correlated to GDP growth, and the Middle East is still underserved.
Within a four-hour flight from Abu Dhabi, you have two billion people. For comparison, Brazil has 250 million people. So, the opportunity is massive.

GDP in the region grows about 5 per cent annually, and aviation typically grows twice that.

Other airlines are growing at 3-4 per cent. Etihad will grow 15 per cent this year.

Why? Because we have the capacity at Abu Dhabi Airport, one of the best terminals globally. You have a 99 per cent chance of not taking a bus to board, no trains to gates, pre-clearance to the US – all advantages.

Looking further ahead, there’s been talk about Riyadh Air. Do you see them as a positive force, or will competition heat up?

They’re not flying yet. It’ll take years to reach critical mass.

I’ve seen this before. It took David Neeleman seven years to get Breeze Airways to scale.

That said, I welcome competition. There are many airlines in the region – Saudia, Air Cairo, Wizz Air Abu Dhabi, Flynas – all excited about the market.

Increased competition stimulates the market. The challenge isn’t just about product; anyone can offer good seats or food.
It’s about having a reliable, scalable network that makes money while providing excellent service. Few can master all of that.

Coming back to Etihad, you’ve reported record profits, passenger numbers, routes – and there’s talk of a potential IPO. What can you tell us?

The speculation is natural. If we weren’t doing well, there’d be no talk. Margins have improved, profitability is up, but we stay humble – there’s still room for growth. ADQ, our shareholder, has listed companies before, so it’s understandable there’s talk.

IPO is a tool, not an end. I’ve been through IPOs before. Airlines are capital-intensive and need flexibility. Our job is to be ready if the shareholder decides to proceed. Operationally, financially, from a governance standpoint – Etihad is ready. But no decision has been made yet. We take the speculation as a compliment, a sign we’re on the right path. If the day comes, we’ll be ready.

Eid Al Fitr holiday in Dubai: Here’s what Emirates passengers need to know

Emirates has urged passengers departing from Dubai to arrive at the airport well in advance to avoid congestion around the Terminal 3 entrances

Nida Sohail
Nida Sohail

20 March, 2025

Eid Al Fitr holiday in Dubai: Here’s what Emirates passengers need to know
Image credit: Emirates/Website

TT

16

Emirates is anticipating busy weekends ahead of, as well as during, the Eid Al Fitr holiday due to heavy traveler volumes departing from and arriving in Dubai.

March 28 and 29, as well as April 5 and 6, will be the busiest days for departures at Terminal 3, with more than 80,000 passengers flying out of the country for their spring break holidays, a WAM report stated.

Read- UAE: Eid Al Fitr holiday announced for federal govt employees

Emirates has urged passengers departing from Dubai to arrive at the airport well in advance to avoid congestion around the Terminal 3 entrances.

The airline also advised passengers to arrive up to 3 hours before their flight and take note of their boarding times to ensure they reach the departure gate on time without delays.

Range of check-in options

In addition to checking in at the airport, customers can avail themselves of various check-in options, such as online check-in on emirates.com or through the Emirates App, which opens 48 hours before departure.

Customers can also check in at Emirates City Check-in or the Travel Store in ICD Brookfield Place, from 24 hours to 4 hours before departure (except for those traveling to the US). They can also book a home check-in service from their residence or hotel, use the airline’s convenient check-in kiosks and baggage drop facilities in Terminal 3, or take advantage of mobile check-in ports located throughout the terminal. For customers traveling from the northern Emirates, check-in is available at the Ajman Central Bus Terminal from 24 hours to 4 hours before the flight.

Luggage drop-off

According to a Dubai Media Office report, customers can drop off their luggage at the airport the night before travel at no charge. They can also check in early and drop off their bags 24 hours before departure, or 12 hours before departure if flying to the US.

This allows them to proceed directly to immigration or the Smart Tunnel for seamless processing.

Passport control

Passengers should clear passport control and security 90 minutes before departure. They are advised to reach their gate no later than 60 minutes before their flight if booked in Premium Economy or Economy Class, and 45 minutes before departure if flying in First or Business Class.

The boarding gates will close 20 minutes before departure. However, Emirates will not be able to accept passengers who report late. Check-in and gate closure timings will be strictly followed to ensure flights depart on schedule.

ADQ, Energy Capital Partners seal $25bn partnership to power data centres

The partnership will focus on serving the needs of data centres and industrial centres in the US and other international markets over the long-term

Gulf Business
Gulf Business

20 March, 2025

ADQ, Energy Capital Partners seal $25bn partnership to power data centres
Image: ADQ

TT

16

Abu Dhabi-based ADQ and US private equity firm Energy Capital Partners (ECP) have announced a 50-50 partnership to develop new power generation and energy infrastructure, aiming to address the rising electricity demands of data centers and energy-intensive industries.

The joint venture will focus primarily on the US market, with potential investments in select international regions.

The partners plan to invest over $25bn across 25 gigawatts (GW) of power generation projects, with an initial combined capital contribution of $5bn.

The initiative will prioritise greenfield developments, new builds, and expansion projects to ensure a stable power supply for hyperscale cloud companies and industrial electrification.

Meeting the rising demand for electricity

According to a report by the International Energy Agency (IEA), global electricity consumption is projected to rise at its fastest rate in recent years, driven by the rapid expansion of artificial intelligence (AI) and high-density data centres.

The US Department of Energy estimates that data centre power demand has tripled over the past decade and is expected to double or triple again by 2028.

Research indicates that data centre power consumption worldwide could increase by 50 per cent by 2027 and up to 165 per cent by the end of the decade.

“The acceleration of AI and its societal adoption presents attractive opportunities to serve the power and infrastructure needs of data centers and hyperscalers,” said Mohamed Hassan Alsuwaidi, MD and group CEO of ADQ. “Our partnership with ECP allows us to invest meaningfully in generation and infrastructure assets that support accelerating demand for power, promoting the progress of these industries and helping to future-proof economies.”

ECP’s founder and executive chairman, Doug Kimmelman, emphasised the urgency of new power generation to sustain AI-driven growth.

“AI will be a major driver of US economic and job growth over the coming decade, but not unless ample new electricity supplies are developed. Our focus in this partnership will primarily be on new-build natural gas-fired power generation assets at scale to meet the needs of hyperscalers on a timely basis,” said Kimmelman.

View post on X

ADQ-ECP strategic investment to enable long-term growth

ADQ, which manages over 25 portfolio companies across more than 130 countries, has made infrastructure investments a core part of its mandate, spanning key sectors such as energy, utilities, healthcare, and logistics.

ECP, founded in 2005, has built a strong track record as an investor in energy transition infrastructure, with ownership and operation of more than 83GW of power generation assets across major US markets.

Led by a team with deep expertise in power infrastructure, the joint venture is poised to begin project development immediately.

Specialised teams will oversee rapid origination and efficient commissioning of new power facilities to ensure reliable and sustainable energy supply for the digital economy.

Read: Gulf investments in US to soar under Trump, says Hussain Sajwani

Dubai’s road ahead: RTA, ENOC Group test green hydrogen-powered mobility solutions

Green hydrogen is produced by the electrolysis of water using renewable electricity, such as solar and wind, and emits zero carbon dioxide (CO2) during the production process

Gulf Business
Gulf Business

20 March, 2025

Dubai’s road ahead: RTA, ENOC Group test green hydrogen-powered mobility solutions
Image credit: Supplied

TT

16

ENOC Group and Dubai’s Roads and Transport Authority (RTA) have signed a trial agreement to explore the feasibility of green hydrogen-powered mobility solutions in the emirate.

This agreement supports the Dubai Green Mobility Strategy 2030 and the development of the UAE’s green hydrogen economy. It marks a significant step forward in the country’s hydrogen journey, building on ENOC Group’s successful commissioning of its green hydrogen station at Expo City Dubai during COP28.

Read-Green taxis: ‘Hala EV’ sees 4 new models enter fleet

Under the agreement, ENOC Group will supply green hydrogen fuel to RTA’s hydrogen-powered city buses. The group will also provide technical support and data on green hydrogen refueling to help RTA conduct a comprehensive feasibility study. Both parties are committed to maintaining the highest safety and operational standards throughout the project.

This agreement represents an important step in expanding cooperation between RTA and ENOC Group in using green hydrogen for RTA’s transportation modes, including public buses and marine transport.

Impact of the initiative

The initiative will make RTA’s transport more sustainable and environmentally friendly, aligning with the UAE’s plans for a green economy and environmental sustainability, contributing to the health and happiness of the population.

Read on-First hydrogen-powered taxi pilot project launches in Saudi

“We, at RTA, sincerely appreciate ENOC Group’s ongoing collaboration in delivering sustainable energy solutions for public transport, including buses and marine services. This partnership exemplifies the strategic cooperation between the government and semi-government sectors and the contribution of both parties to achieving the ambitious goals of our wise leadership,” said Ahmed Bahrozyan, CEO of Public Transport Agency at RTA.

Green hydrogen is produced by the electrolysis of water using renewable electricity, such as solar and wind, and emits zero carbon dioxide (CO2) during the production process.

In addition to reducing greenhouse gas emissions and diversifying energy sources, green hydrogen extends the driving range of vehicles. As one of the cleanest forms of energy with zero emissions, ENOC Group sources its green hydrogen from Mohammed Bin Rashid Al Maktoum Solar Park, in collaboration with DEWA.

Memorandum of Understanding

The Memorandum of Understanding (MoU) was signed at ENOC Group Headquarters by Burhan Al Hashemi, Managing Director of ENOC Commercial and International Sales, and Ahmed Hashem Bahrozyan, CEO of RTA’s Public Transport Agency, and witnessed by Saif Humaid Al Falasi, Group CEO of ENOC. This will lead to cooperation between ENOC Group and RTA in a study to develop the use of green hydrogen in mobility.

“At ENOC, we are committed to building a more sustainable future for all, and our partnership with RTA demonstrates our shared vision for a brighter tomorrow in line with the Dubai Green Mobility Strategy 2030. Green hydrogen represents a compelling alternative to traditional energy sources. As the UAE focuses on developing a hydrogen economy, we are proud to be at the forefront of its adoption in the country,” said Saif Humaid Al Falasi, Group CEO of ENOC.

Meet Soraya Benchikh: The CFO driving BAT’s global growth and inclusion

BAT has transformed into a multi-category consumer goods business, and Benchikh is a key figure driving this change.

Gareth van Zyl
Gareth van Zyl

20 March, 2025

Meet Soraya Benchikh: The CFO driving BAT’s global growth and inclusion
BAT Group’s Chief Financial Officer, Soraya Benchikh.

TT

16

Sipping her coffee in a modern, well-appointed office on the 39th floor of BAT’s Dubai headquarters, with the city’s iconic skyline stretching out below, Soraya Benchikh exudes calm, approachability, and poise.

As BAT Group’s Chief Financial Officer, Benchikh was in Dubai on a brief business trip in January, connecting with staff and overseeing operations. Based in the UK, Benchikh has been in her current role for eight months. Yet, she is no stranger to BAT, having spent over two decades with the company before a high-profile stint as President of the European region at beverage giant Diageo. In the buzzing Dubai offices, the excitement was palpable as staff and senior leaders gathered for meetings and events organised to mark her visit.

If you didn’t know her story, you might not guess the immense journey that has brought Benchikh to this point. Raised in Beirut during the turbulent 1980s, she and her family fled to Europe as refugees. “I ended up in Europe as a refugee. I went to school there for a few years and later attended university to study my passion — mathematics. I didn’t overthink it; I just pursued what I enjoyed,” she recalls.

The challenges of displacement taught her resilience and adaptability. After graduating, she faced the uncertainty of life on a refugee visa.

Benchikh saw the chance to return to a company she knew intimately while embracing a fresh challenge as CFO during a pivotal period.

“I needed to find a job, and at a career fair, I came across a stand for accountancy and thought I’d give it a shot. That’s how I joined a management trainee programme at Gillette,” she explains. This first role proved to be a critical launchpad for her career.

Early in her professional life, Benchikh excelled in finance, taking on foundational roles that demonstrated her leadership potential. A move to General Electric expanded her horizons as she travelled extensively, leading system implementation projects.

She then joined Rothmans just before its merger with BAT, where her career trajectory accelerated.

“At Rothmans, a year later, the merger with BAT happened. I started my career in finance as a qualified accountant, and my first finance director role was in North Africa. This was particularly exciting as it was my first professional role in the Middle East,” she says.

In Cairo, she was immersed in Middle Eastern business cultures while managing diverse challenges.

“The role offered incredible diversity: starting up a business in Egypt, bidding for the Moroccan monopoly, managing a joint venture in Tunisia, and overseeing market entry in Algeria. It was an incredible experience,” she adds.

Turnaround Expert

During her regional finance role, she noticed how closely finance and general management intersected at BAT, sparking her desire to transition into general management. Her first such opportunity came in France, where she turned around a struggling company in just three and a half years.

Building on this success, she was promoted to lead one of BAT’s largest businesses in the Southern African region, based in Cape Town and Johannesburg. This role brought complex challenges, including collaboration with governments to address trade issues. Again, her leadership transformed the company’s performance, earning it a Group award after four years.

Her reputation as a transformative leader led to her recruitment by Diageo, where she took on the role of Managing Director for Northern Europe, overseeing 11 countries from a base in Hamburg, Germany. Taking on this role during the COVID-19 pandemic posed unique challenges.

“The pandemic was a period of immense learning for me,” she reflects. “Navigating a new industry remotely taught me the importance of resilience and collaboration.”

Despite these hurdles, her fresh perspective helped identify market opportunities and capitalise on shifts in consumer behaviour, resulting in significant business growth. After two and a half years, her achievements earned her a promotion to Diageo’s executive committee as President for Europe. In this capacity, she spearheaded the establishment of Diageo’s Middle Eastern head office in Dubai, which became one of the group’s fastest-growing units.

Driving Inclusion and Empowerment at BAT

Soraya Benchikh is fully committed to BAT’s transformative journey, and she is highly supportive of ensuring diversity, equity, and inclusion (DEI) within the organisation. She firmly believes in the power of inclusivity to create a thriving workplace.

“At BAT, diversity, equity, and inclusion are at the heart of our values. These principles drive initiatives designed to help women excel and advance into leadership and management roles,” she shares.

To nurture a truly inclusive culture, BAT has implemented key initiatives such as “Women in BAT,” “Women in STEM,” and “Women in Leadership.” These programmes provide mentorship, training, and essential resources to empower women in industries where they have historically been underrepresented.

Highlighting the measurable impact of these initiatives, Soraya explains, “By 2025, we aim to have women make up 40 per cent of senior leadership teams and 45 per cent of management roles. Programmes like Women in Leadership, which now supports around 1,000 female managers, are accelerating careers and creating lasting impact.”

A Leadership Style Shaped by Heritage

Soraya Benchikh’s Middle Eastern heritage has profoundly shaped her leadership philosophy.

“As a Lebanese woman with extensive experience working for leading corporations in many parts of the world, I’ve been deeply influenced by the incredible women I’ve had the privilege to work alongside,” she shares.

Her upbringing instilled resilience and adaptability, qualities that have been instrumental in her success.

The Gulf region’s remarkable progress in empowering women resonates deeply with her. “Witnessing the progress across the Middle East today is truly inspiring. The efforts of GCC governments to empower women are commendable,” she states. Highlighting initiatives like Saudi Vision 2030 and the UAE’s Gender Balance Council, she adds, “These efforts are similar to BAT’s global vision to empower women and enable them to excel in every sphere of life.”

BAT’s Vision and Growth in the Middle East

Since its founding in 1902, BAT has transformed into a multi-category consumer goods business. Soraya explains, “We’re not just talking about change — we’re driven by it. Our vision focuses on offering alternatives with lower-risk potential to traditional products, empowering consumers to make informed choices.”

The company’s commitment to innovation extends to new markets and sustainability.

“Our investments in innovation, production, and market expansion demonstrate our commitment to creating a sustainable business that transcends traditional boundaries. We engage with regulators, policymakers and industry stakeholders to support evidence-based policies on new category produts,” Soraya adds. BAT invests over £300m annually in research and development for its New Category products, a testament to its dedication to reshaping the industry and prioritising the importance it places on consumer choice.

The Middle East has emerged as a crucial growth market for BAT, given the region’s openness to innovation and progressive regulatory frameworks.

“The opportunities in the Middle East are immense, particularly in New Categories,” Soraya shares.

The Dubai office has become a hub for innovation, driving initiatives like artificial intelligence to enhance supply chain efficiency and consumer insights.

“AI has infinite applications, and the work being done in our Middle Eastern offices is absolutely critical to our global vision,” she notes.

The GCC has been integral to BAT’s strategy for over six decades, aligning with the region’s push for innovation and economic diversification.

“The region’s openness to innovation, coupled with its progressive regulatory landscape, makes it a key growth area for us,” Soraya adds. Collaborating with governments, regulators, and communities, BAT contributes to shared goals of sustainability and economic progress.

Soraya’s leadership highlights how resilience and innovation can redefine an industry. “The GCC is a vital part of our global strategy,” she concludes. “Through our initiatives and partnerships, we’re not just transforming our business but also contributing to the transformative journey of the region.”

Automobili Lamborghini reports record year for sales in 2024

Operating income was at an all-time high at EUR835m with sales up as the sports car maker delivered 10,687 cars globally

Neesha Salian
Neesha Salian

20 March, 2025

Automobili Lamborghini reports record year for sales in 2024
Image: Supplied

TT

16

Automobili Lamborghini reported its best-ever financial results in 2024, with revenue surpassing EUR3bn euros ($3.35bn) for the first time, despite challenges in the global automotive market.

The Sant’Agata Bolognese-based luxury carmaker saw revenue climb 16.2 per cent year-on-year to EUR3.09bn, while operating income rose 15.5 per cent to EUR835m.

Operating margin remained stable at 27 per cent, reinforcing Lamborghini’s position among the most profitable luxury brands.

“Evolving the entire product range while continuing to grow: this is how we can summarize another record year for Automobili Lamborghini,” said CEO Stephan Winkelmann. “Despite the difficulties in the automotive market and the highly competitive climate, in 2024 we recorded growth across all three macro-regions—Americas, EMEA and APAC—confirming the global strength of the brand.”

The company delivered 10,687 vehicles in 2024, a 5.7 per cent increase from the previous year, marking another annual record as it continued to surpass the 10,000-unit threshold.

Product expansion and electrification drive growth

Lamborghini’s performance was fueled by a significant transformation of its model lineup. Over the past 18 months, the company has launched three new vehicles, reinforcing its presence in the high-performance automotive sector.

The Revuelto, Lamborghini’s first high-performance electrified vehicle (HPEV) featuring a hybrid V12 engine, debuted as a key milestone in the company’s shift towards electrification. The Urus SE, an upgraded version of its popular Super SUV, brought improvements in technology, efficiency, and design. Meanwhile, the newly introduced Temerario, unveiled at Monterey Car Week, emphasised Lamborghini’s racing DNA with a redesigned engine and an uncompromising driving experience.

“The company continued to grow both financially and operationally in 2024, maintaining profitability in line with the world’s top luxury brands,” said CFO Paolo Poma. “Our goal remains to drive sustainable growth from both financial and environmental perspectives while creating long-term value for stakeholders.”

Read: The Middle East EV market: A $54bn opportunity by 2035, shows report

Investment in innovation and workforce expansion

Lamborghini has prioritised investment in technology, research, and sustainability to enhance efficiency and product quality. The company has modernised production processes, implemented advanced materials, and optimised aerodynamics to maintain its engineering excellence.

As part of its growth strategy, Lamborghini has also expanded its workforce, adding 1,000 employees over the past two years—a 30 per cent increase.

The company’s largest-ever investment plan aims to support product development, manufacturing expansion, and sustainability initiatives.

With its 2024 record-breaking performance, Lamborghini is gearing up for new challenges as it seeks to consolidate its market position and advance its long-term electrification strategy.

More news in abu-dhabi