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SME Awards 2022 Finalist Announced
— Sonia Kerrigan, MEED Group Commercial Director
DUBAI, UNITED ARAB EMIRATES, October 12, 2022 /EINPresswire.com/ — A complete of 130 small and medium enterprises (SMEs) throughout the GCC are finalists in the MEED SME Awards 2022.
The awards, which have a good time and recognise the trailblazing SMEs main the area’s return to financial development, attracted greater than 400 purposes this 12 months. Entries had been unfold throughout 17 classes, together with B2B and B2C SME Business of the Year, Business Leader of the Year, FedEx Start-up Business of the Year and Gulf Capital Technology Business of the Year.
The finalists had been chosen throughout the first spherical of a rigorous nomination and unbiased judging course of by greater than 49 trade specialists from the area’s main personal, public and educational organisations.
Among the finalists this 12 months are Bambuyu, Hawa Water, Desert Board, Furchild Pet Nutrition, House of Pops, Hunter Foods, Codebase Technologies and Finbots AI Solutions.
They and the different finalists will now undergo to a second spherical of judging to find out the general winners in every class. The winners will probably be introduced at a gala ceremony at Dubai’s Ritz Carlton JBR resort on 9 November.
“SMEs are the backbone of the economy,” says MEED Group Commercial Director Sonia Kerrigan. “According to authorities knowledge, there are some 350,000 SMEs in complete in the UAE alone, representing greater than 94 per cent of all lively firms in the nation.
“Collectively, they make use of some 86 per cent of the personal sector labour pressure and represent over 60 per cent of complete GDP.
“It is, therefore, more important than ever to recognise the role they play in accelerating growth across the region as it continues to recover from the pandemic and the softening economic environment,” Kerrigan added.
The annual MEED SME Awards at the moment are in their eleventh version. Previous version winners have included ekar, AquaFun, SQUATWOLF, Distichain, PawPots, Tendered and extra.
Dr Karim El Solh, Co-founder and Chief Executive Officer of Gulf Capital, says: “Gulf Capital recognises the key position SMEs play in the GCC economy and has been supporting the SME Awards since they had been launched. This 12 months, we wished to concentrate on the theme of know-how, given the significance of tech startups in powering economies into the future.
“The high quality of submissions in all 4 know-how classes that Gulf Capital helps displays the buoyancy of the tech sectors in the area.
“GCC governments have laid down a stable infrastructure for a tech-based economy that allows the adoption of synthetic intelligence, augmented actuality, digital actuality, massive knowledge analytics, cloud computing, cybersecurity and the web of issues, amongst others.
“Today, we see the results of these government drives in the quality and number of SMEs that are building the next-generation economy across many sectors: financial, retail, education, healthcare and sustainability, all of which Gulf Capital is invested in. Some of these are represented in the MEED SME Awards.”
Taarek Hinedi, Vice President of FedEx Express Middle East and Africa operations, says: “The SME Awards are an ideal platform for small and medium companies to attach, community and foster future collaborations.
“FedEx has long been an advocate for SMEs, and we’re pleased to once again sponsor this initiative. The role SMEs play in driving economic growth has inspired us to strengthen our capabilities and bring more advanced digital solutions, world-class services and enhanced network connectivity that allows businesses to offer convenience, more control and a positive experience to their end-consumers.”
The awards are supported by: Official Logistics Sponsor FedEx Express; Technology Category Sponsor Gulf Capital; Association Partner Dtec; and Endorsing Partners Dubai SME, Dubai Angel Investors, Khalifa Fund for Enterprise Development, in5, StartAD, Tie Dubai, DIFC FinTech, Dubai Cultiv8, Young Arab Leaders and She is Arab.
About MEED
MEED is a exceptional senior administration media model that encompasses a subscription web site and journal, greater than 30 C-level govt conferences and summits hosted by MEED Events, the MEED Projects Awards and two high-value content material companies, MEED Projects and MEED Insight. MEED Projects is the Middle East’s premium undertaking monitoring database and MEED Insight provides tailor-made analysis and in-depth evaluation.
Established in 1957, MEED has been integral to delivering business info and information, intelligence and evaluation on the Middle East economies and actions ever since. Attracting a key senior administration viewers via its content material and actions, MEED is a media model and publication that covers a spectrum of companies that inform.
Vignesh Satyarajan
MEED
[email protected]
