Private Industries in UAE Urged To Adopt Modernization

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Sultan bin Saeed Al Mansouri called upon the UAE companies to adopt finest global practices in order to increase the competitiveness of the national economy.

Private Industries in UAE Urged To Adopt Modernization

Private Industries in UAE Urged To Adopt Modernization

The International Conference opens for the inauguration of the 9th cycle of the Mohammed Bin Rashid Al Maktoum Business Award 2015 together with unveiling of the 1st cycle of the Mohammed Bin Rashid Al Maktoum Business Innovation Award 2015 in Dubai on Tuesday.

Mohammed Bin Rashid Al Maktoum asked UAE companies to apply overall top institutional excellence practices in their daily business behavior and contribute towards enhancing the competitiveness of the national market by empowering the country’s status as an exceptional destination for foreign investments while also bringing respectable label to the company.

Al Mansouri stressed that during its 8th cycle, the Mohammed Bin Rashid Al Maktoum Business Award has rise of 12.5 percent in the figure of participating companies compared to its preceding cycle thus bringing the overall number to 1,200 companies, which evidently reflects the status of the award as a main instrument for measuring quality and institutional performance in the nation and the region.

Hamad Buamim, the Chairman of the Steering Committee of the Mohammed bin Rashid Al Maktoum Business Award and President and CEO of Dubai Chamber, said that the award has led the evolution of excellence and modernization in the Gulf production communities, adding together the prestigious award which during its eight preceding cycles has honored 129 companies, has instilled a customs of excellence and innovation among the private sector companies in the UAE.

The President and CEO of Dubai Chamber further stressed that the award is one of its kind honor to fire up modernization in companies in the UAE and the GCC region while encouraging them to adopt innovation for triumph in their organizations as well as to boost their competitiveness and standing in the business world. He also invited companies to take part in both the awards.

Mohamed Dekkak

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