DUBAI: Sultan Bin Saeed Al Mansouri, Minister of Economy, and Chairman of the Award Panel of Judges of Mohammad Bin Rashid Al Maktoum Business Award, has stated that the UAE is seeking to transform into an innovation economy by adopting best global organisational practices for the emirate to become a centre of creativity and innovation in the world.
Speaking at the opening of the international conference for the launch of the 9th cycle of the Mohammad Bin Rashid Al Maktoum Business Award 2015 along with the 1st cycle of the Mohammad Bin Rashid Al Maktoum Business Innovation Award 2015 in Dubai on Tuesday, Al Mansouri stressed that innovation excellence is key to our quest and is leading our movement towards a knowledge economy.
“Over the years, the award has adopted the latest global institutional excellence practices and inspired the business community to adopt best organisational practices, and the concepts of innovation and excellence,” he said adding that Dubai Chamber has played a pivotal role in enhancing the competitiveness of the business community while raising awareness about responsible business practices.
He further stressed that during its 8th cycle, the Mohammad Bin Rashid Al Maktoum Business Award has seen a 12.5 per cent rise in the number of participating companies compared to its previous cycle thus bringing the total number to 1,200 companies, which clearly reflects the reputation of the award as a major tool for measuring excellence and institutional performance in the country and the region.
“The economic growth witnessed by the country wouldn’t have been possible without the support of the private sector, and the Mohammad Bin Rashid Al Maktoum Business Award encourages these companies to be innovative and creative in all their business practices and activities,” said Al Mansouri.
