Forty small and medium enterprises in the UAE have geared up to claim their titles at the Gulf Capital SMEinfo Awards taking place tomorrow at Jumeirah Zabeel Saray, The Palm Jumeirah at 7pm.
Designed to recognise success, growth and innovation in business, the award features 11 categories to identify some of the greatest performing SMEs the country has to offer:
- Gulf Capital Business of the Year
- MasterCard Small Business of the Year
- Emirati Business of the Year
- Online Business of the Year
- RSA Start-up Business of the Year
- Entrepreneur of the Year
- Business Leader of the Year
- Sustainable Initiative of the Year
- Customer Focus of the Year
- Business Innovation of the Year
- People & Culture of the Year
The finalists of this year’s awards are a diverse group of companies – from food outlets to online businesses and from event companies to innovative solutions providers. These companies reported a combined turnover of Dhs700m in 2011, recording an average growth rate of 70%, which clearly reflects the strength of the SME sector.
Five strong contenders stand to claim the coveted title of the Gulf Capital Business of the Year: Kcal, a healthy fast food outlet; Bayt.com, one of Middle East’s first job websites; Citruss TV, a home shopping network; German Imaging Technologies, a manufacturer of environmentally friendly compatible toner cartridges; and Hacker Kitchen, a German luxury kitchen company.
This year’s competition may also bring a string of victories for some high performing SMEs, as some have been shortlisted in multiple categories. Ethica Institute of Islamic Finance and Bayt.com are both finalists in three categories. Meanwhile, Yebab.com, Content Syndicate, Citruss TV, German Imaging Technologies, Just Falafel, Alsayegh Media, Wild Guanabana, Summertown Interiors and NStyle are contending in two.
Small organisations will also get a chance to shine at the awards with the MasterCard Small Business of the Year and the RSA Start-up Business of the Year award, which will recognise early stage businesses who have managed to make a mark in this competitive business environment.
Apart from recognising the strength of the competing SMEs, the awards will also identify strong leadership through two key awards: Entrepreneur of the Year and Business Leader of the Year.
With such strong competition and dedicated SMEs with promising ideas, it’s difficult to predict which companies will make it or break it. We wish them all the best!
Who do you think will shine at the awards night tomorrow? Please share your feedback below.