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Dubai Chambers has launched the Mohammed bin Rashid Al Maktoum Enterprise Award in its new reimagined kind, which introduces a sequence of enhancements to the award mannequin, analysis mechanisms, and award classes. Established below the umbrella of Mohammed bin Rashid Al Maktoum International Initiatives, the award represents the best degree of recognition for the contributions of organisations to the sustainable growth of Dubai’s dynamic enterprise neighborhood.
Organised below 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 throughout a particular ceremony right now at 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 awards for enterprise excellence; the earlier version of the Mohammed bin Rashid Al Maktoum Enterprise Award, and the Dubai High quality Award. The initiative comes as a part of Dubai Chambers’ drive to raise requirements all through the enterprise panorama.
The award options 4 new classes together with the Excellent Enterprise Award introduced by Dubai Chambers, the Household Enterprise Award introduced by Dubai Chamber of Commerce, the International Growth Award introduced by Dubai Worldwide Chamber, and the Digital Innovation Award introduced by Dubai Chamber of Digital Financial system.
The award has undergone a complete restructuring to mirror the wants of the enterprise neighborhood, in step with Dubai’s imaginative and prescient and the objectives of the D33 financial agenda. Entries can be accepted from corporations working throughout numerous sectors ranging from 2 October 2023. The award is open to Dubai-based companies, in addition to worldwide corporations who’ve their headquarters in Dubai.
H.E. Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented: “With the enterprise panorama repeatedly evolving, the restructuring of the Mohammed Bin Rashid Al Maktoum Enterprise Award displays the aspirations of the Dubai enterprise neighborhood within the fashionable period. The analysis standards at the moment are carefully aligned with Dubai Chambers’ strategic priorities and are aimed toward selling a dedication to attaining a tradition of excellence.”
His Excellency continued: “We’ve got utterly redesigned the award, whereas additionally sustaining its main goal of building a platform for the trade of information and expertise to assist collaborating organisations grow to be leaders of their fields. This creates an essential software to help the sustainability of corporations and recognises efficiency, accelerates progress, and improves model fame, finally enhancing their competitiveness and place out there by encouraging the adoption of worldwide greatest practices.”
The award seeks to enhance enterprise methods, processes, and total efficiency, and comes as a part of Dubai Chambers’ drive to advertise a tradition of creativity and innovation throughout the native enterprise neighborhood. The brand new mannequin relies on in depth analysis and displays the most recent methodologies by specializing in processes and ends in key areas as tangible measures of enterprise success.
The analysis course of examines areas together with management, technique, workforce administration, ESG, and digital transformation, along with monetary efficiency. Taking part corporations should obtain a minimal variety of factors from the award assessors throughout an in depth vary of standards so as to safe a spot among the many finalists in every class.
The winners of every award class can be honoured throughout a grand ceremony to be held through the second quarter of 2024 within the presence of collaborating corporations and distinguished representatives from the personal sector.
Dubai Chambers’ adoption of a framework for enterprise excellence is designed to encourage corporations to repeatedly enhance their efficiency all through the analysis course of. All candidates will obtain an in depth analysis report on their submissions, and winners will even be inspired to share their greatest practices with different corporations all through the enterprise neighborhood.
The Mohammed bin Rashid Al Maktoum Enterprise Award was initially launched in 2005 below the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to recognise the efforts of organisations that supported sustainable financial growth within the UAE.
Corporations can submit their functions for the award by visiting the next hyperlink: https://www.dubaichambers.com/en/business-awards/mohammed-bin-rashid-al-maktoum-business-award/
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