Dubai Chambers has launched the Mohammed bin Rashid Al Maktoum Enterprise Award in its new, refreshed kind, which introduces a variety of enhancements to the reward mannequin, analysis mechanisms and reward classes. Established underneath the umbrella of Mohammed bin Rashid Al Maktoum International Initiatives, the award represents the very best degree of recognition for organizations’ contributions to the sustainable growth of Dubai’s dynamic enterprise neighborhood.
Organized underneath the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the brand new award was launched right this moment at a particular ceremony on the Dubai Chambers headquarters with the participation of His Excellency Abdul Aziz . Abdulla Al Ghurair, Chairman of Dubai Chambers, and Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, within the presence of main figures from the native enterprise neighborhood.
The brand new award is the results of the merger of two of Dubai’s most outstanding enterprise excellence awards; the earlier version of the Mohammed bin Rashid Al Maktoum Enterprise Award and the Dubai High quality Award. The initiative is a part of Dubai Chambers’ dedication to elevating requirements throughout the enterprise panorama.
The award consists of 4 new classes, together with the Excellent Enterprise Award offered by Dubai Chambers, the Household Enterprise Award offered by Dubai Chamber of Commerce, the International Enlargement Award offered by Dubai Worldwide Chamber and the Digital Innovation Award offered by Dubai Chamber of Digital Economic system.
The award has undergone intensive restructuring to replicate the wants of the enterprise neighborhood, according to Dubai’s imaginative and prescient and the targets of D33’s financial agenda. From October 2, 2023, entries shall be accepted from firms lively in varied sectors. The award is open to Dubai-based firms, in addition to worldwide firms headquartered in Dubai.
HE Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented: “With the enterprise panorama continually evolving, the restructuring of the Mohammed Bin Rashid Al Maktoum Enterprise Award displays the aspirations of Dubai’s enterprise neighborhood within the trendy period. The analysis standards are actually carefully aligned with Dubai Chambers’ strategic priorities and goal to advertise a dedication to attaining a tradition of excellence.”
His Excellency continued: “We’ve utterly redesigned the award, whereas sustaining its foremost goal: to determine a platform for the change of data and expertise to assist taking part organizations turn out to be leaders of their subject. This creates an essential instrument to assist firms’ sustainability and acknowledge efficiency, speed up development and enhance model popularity, in the end bettering their competitiveness and place available in the market by encouraging the adoption of worldwide finest practices.”
The award goals to enhance enterprise methods, processes and general efficiency and is a part of Dubai Chambers’ dedication to fostering a tradition of creativity and innovation throughout the native enterprise neighborhood. The brand new mannequin is predicated on intensive analysis and displays the most recent methodologies by specializing in processes and ends in key areas as tangible measures of enterprise success.
Along with monetary efficiency, the analysis course of additionally examines areas reminiscent of management, technique, folks administration, ESG and digital transformation. Collaborating firms should obtain a minimal variety of factors from the evaluators based mostly on an in depth vary of standards to safe a spot among the many finalists in every class.
The winners of every award class shall be honored at a grand ceremony to be held within the second quarter of 2024 within the presence of taking part firms and main personal sector representatives.
Dubai Chambers’ adoption of a enterprise excellence framework goals to encourage firms to constantly enhance their efficiency all through the analysis course of. All candidates will obtain a complete analysis report on their submissions, and the winners may even be inspired to share their finest practices with different firms within the trade.
The Mohammed bin Rashid Al Maktoum Enterprise Award was initially launched in 2005 underneath the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to acknowledge the efforts of organizations selling sustainable financial growth supported. within the UAE.
Firms can submit their software for the award through the next hyperlink:
https://www.dubaichambers.com/en/business-awards/mohammed-bin-rashid-al-maktoum-business-award/
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