Mohammed Bin Rashid Establishment for Small and Medium Size Enterprises
Launches Fifth Edition of SME Award
• Organised in collaboration with Mashreq Bank
• Al Ghurair: The Award offers an ideal opportunity for young entrepreneurs
to become distinguished businessmen locally and internationally
Dubai, 4 October 2009: Mohammed Bin Rashid Establishment for Small and
Medium Size Enterprises, today, launched the fifth edition of Small and
Medium Enterprises Award. The event, which is organized in collaboration
with Mashreq Bank, comes in line with the establishment’s strategy of
strengthening young business leaders and enabling them to lead international
projects.
The SME Award is also part of a concerted strategy to support small and
medium businesses in Dubai and provide entrepreneurs with adequate
encouragement to grow and develop their businesses. Sixteen awards are
distributed this year including Best Start-Up Business of the Year 2008
(Male/Female), for applicants from outside the UAE, Best Arab Start-Up
Business of the Year 2008 (Locally/Regionally), and Best Business Project
Award in the following sectors: Information Technology, Manufacturing,
Marketing and Promotion, Electronics, Education, Tourism, Consulting,
Professional Services, Retail, Design, Food and Beverage, Real Estate,
Facility Management, Transport & Logistics Services.
His Excellency Abdul Aziz Al Ghurair, CEO of Mashreq, said: “As a national
institution, Mashreq constantly supports initiatives that are directed at
the development of young UAE Nationals. As part of the bank’s strategic plan
to encourage UAE entrepreneurs to pursue their business ambitions, we have
collaborated with the Mohammed Bin Rashid Establishment for Small and Medium
Size Enterprises for the launch of the award, as we firmly believe it
creates a competitive atmosphere, and encourages UAE talents to excel. MBRE
has always been a pioneer with similar initiatives, which makes it the
perfect partner to Mashreq.”
Commenting on the Award, His Excellency Abdul Baset Al Janahi, CEO, Mohammed
Bin Rashid Establishment for Small and Medium Size Enterprises, said: “The
SME Award reflects the vision of His Highness Sheikh Mohammed bin Rashid Al
Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, to provide
an ideal growth environment to attract young business leaders and help them
to participate in developing the business sector in the UAE and the Arab
world.”
He explained that the aspirations of H.H. Sheikh Mohammed Bin Rashid Al
Maktoum are focused on nurturing creative Emaratis, who are considered as
the base of the country’s economic development and comprehensive growth.
Al Janahi added that the SME Award aims at creating a competitive
environment among young business leaders and in honoring them for their
exceptional performance although they are newcomers. The award aims to
motivate individuals and institutions which play a role in developing the
performance of the new business enterprisers, support them further and
assist in their business growth.
To compete in the awards, visit the SME award website, www.smeawards.ae, and
fill the application form latest by 5th November 09.
A committee of business and economic leaders in Dubai will choose the
winners in three phases. The first evaluation phase will be based on the
written project description submitted. The second phase is a site visit by
the arbitration committee and the final phase includes interviews with
project owners.
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