Dubai Chambers has launched the Mohammed bin Rashid Al Maktoum Enterprise Award in its new, refreshed kind, which introduces a spread of enhancements to the reward mannequin, analysis mechanisms and reward classes. Established beneath the umbrella of Mohammed bin Rashid Al Maktoum World Initiatives, the award represents the very best degree of recognition for organizations’ contributions to the sustainable improvement of Dubai’s dynamic enterprise neighborhood.
Organized beneath 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 in the present day 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 distinguished 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 contains 4 new classes, together with the Excellent Enterprise Award introduced by Dubai Chambers, the Household Enterprise Award introduced by Dubai Chamber of Commerce, the World Growth Award introduced by Dubai Worldwide Chamber and the Digital Innovation Award introduced by Dubai Chamber of Digital Economic system.
The award has undergone in depth restructuring to mirror the wants of the enterprise neighborhood, according to Dubai’s imaginative and prescient and the aims of D33’s financial agenda. From October 2, 2023, entries can be accepted from firms energetic 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 consistently 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 got fully redesigned the award, whereas sustaining its principal goal: to ascertain a platform for the change of information and expertise to assist collaborating organizations develop into leaders of their area. This creates an necessary device to assist firms’ sustainability and acknowledge efficiency, speed up development and enhance model status, 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 total 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 relies on in depth analysis and displays the newest methodologies by specializing in processes and leads to key areas as tangible measures of enterprise success.
Along with monetary efficiency, the analysis course of additionally examines areas equivalent to management, technique, folks administration, ESG and digital transformation. Taking part firms should obtain a minimal variety of factors from the evaluators primarily based on an in depth vary of standards to safe a spot among the many finalists in every class.
The winners of every award class can be honored at a grand ceremony to be held within the second quarter of 2024 within the presence of collaborating firms and main personal sector representatives.
Dubai Chambers’ adoption of a enterprise excellence framework goals to encourage firms to repeatedly enhance their efficiency all through the analysis course of. All candidates will obtain a complete analysis report on their submissions, and the winners can even be inspired to share their finest practices with different firms within the business.
The Mohammed bin Rashid Al Maktoum Enterprise Award was initially launched in 2005 beneath 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 improvement supported. within the UAE.
Corporations can submit their utility for the award by way of the next hyperlink: