Business | General
Small businesses get boost as Dubai honours top performers
Al Ghurair, CEO of Mashreq Bank, a key supporter of the Establishment, said honouring the young achievers is a reward for their innovation and talent they use to develop small businesses, which one day will grow to become a main sector for supporting the national economy.
- WAM
- Published: 00:00 January 12, 2010
- Image Credit: WAM
- Shaikh Mohammad with the winners. Small and medium enterprises are growing 25 per cent a year. The sector has about 250,000 companies operating in various fields.
Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Monday graced the award ceremony of the Mohammad Bin Rashid Establishment for Small and Medium Size Enterprises (MBRE).
The ceremony was attended by Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Establishment, Abdul Aziz Abdullah Al Ghurair, Speaker of the Federal National Council, Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and CEO of Emirates Airline and Group, Shaikh Majid Bin Mohammad Bin Rashid Al Maktoum, Chairman of Dubai Culture and Arts Authority, Abdul Rahman Mohammad Al Owais, Minister of Culture, Youth and Community Development, and a number of senior officials of Dubai Government.
Commenting on the awards, Abdul Baset Al Janahi, Chief Executive of the Establishment, said: "About 9,000 young entrepreneurs have benefited from loans and facilities extended by the Establishment. Since it was founded in 2002, the Establishment has offered loans to the tune of Dh720 million.
Al Ghurair, CEO of Mashreq Bank, a key supporter of the Establishment, said honouring the young achievers is a reward for their innovation and talent they use to develop small businesses, which one day will grow to become a main sector for supporting the national economy.
"The small and medium enterprises sector is growing 25 per cent a year. The sector has about 250,000 companies operating in various fields and attracting about 60 per cent of manpower in the country," he said.
Later, Shaikh Hamdan distributed awards to winners of the fifth edition. The event, which is organised in collaboration with Mashreq Bank, comes in line with the Establishment's strategy of strengthening young business leaders and enabling them to lead international projects.
The SME Award is also part of a concerted strategy to support small and medium businesses in Dubai and provide entrepreneurs with adequate encouragement to grow and develop their businesses.
Roll call: List of winners
- Retail sale: Salah Ahmad Mansour
- Services: Waleed Abdul Kareem
- Professional Services: Salman Abdullah Bin Shabib
- Contracting: Khalid Mohammad Al Marzouqi
- Marketing and Promotion: Mohammad Yousuf
- Tourism: Khalifa Bin Braik
- Property: Ashraf Faraj Allah
- Technical Consultation: Ahmad Hassan Al Ali
- Industry: Khalid Al Suwaidi
- Health Care: Dr Amina Hussain Al Amiri and Asmaa Hilal Lootah
- Food and Beverages: Fatima Abed Thani
- Small Merchant: Noor Tomorrow's Vision
- Best Businessman: Mohammad Yousuf
- Best Businesswoman: Mariam Abdullah Al Mulla
- Best Arab enterprise (men): Jalil Ali Sharaf from Bahrain
- Best Arab enterprise (women): Nawal Yousuf Al Sayegh from Bahrain
- Best Government Body supporting youth's projects: Roads and Transportation Authority
- Best semi-government body supporting youth's projects: Wasl
- Best private establishment supporting youth's projects: SS Lootah
- Bodies supporting government purchases: Dubai Police, Dubai World Trade Centre and Shaikh Mohammad's Engineering Office.
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