Dubai Chambers Invites Companies To Register For Mohammed Bin Rashid Al Maktoum Business Award

Dubai Chambers has initiated the registration for the second cycle of the revamped Mohammed Bin Rashid Al Maktoum Business Award. This prestigious award acknowledges corporate excellence and supports Dubai's sustainable development goals. The award honours businesses that excel in performance, innovation, and continuous improvement, thereby enhancing the competitiveness and resilience of Dubai's business community.

The announcement was made at the "Excellence Reimagined Forum" hosted by Dubai Chambers at its headquarters. This event gathered over 100 business representatives to discuss organisational excellence standards and trends. The forum highlighted effective models in areas such as operations, human capital management, technological innovation, and financial governance.

During the forum, industry experts shared strategies used by leading companies to enhance competitiveness and performance. These strategies aim to create a long-term positive impact. Participants also examined effective benchmarking frameworks for strategic excellence and explored global best practices in leadership, organisational culture, and operational management.

Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, stated that the award aims to empower companies of all sizes across various sectors towards achieving sustainable institutional excellence. The award is part of the Mohammed Bin Rashid Al Maktoum Global Initiatives.

The award recognises companies in four main categories aligned with Dubai Chambers’ strategic objectives. These include the Outstanding Business Award sponsored by Dubai Chambers, the Family Business Award sponsored by Dubai Chamber of Commerce, the Global Expansion Award sponsored by Dubai International Chamber, and the Digital Innovation Award sponsored by Dubai Chamber of Digital Economy.

Dubai Chambers has adopted a business excellence framework to encourage continuous performance improvement during the evaluation process. This model is based on extensive research and reflects current methodologies. It focuses on tangible measures of success such as leadership, strategy, workforce management, ESG (environmental, social and governance), digital transformation, and financial performance.

Eligibility for Participation

The award is open to all companies operating in Dubai as well as international firms with regional headquarters in the emirate. It covers all sectors and areas of business. This inclusivity aims to foster a diverse range of participants striving for excellence within their respective industries.

The forum provided insights into how companies can adopt forward-thinking strategies to boost their competitiveness. By focusing on strategic excellence frameworks and global best practices, businesses can elevate their performance levels significantly.

This initiative underscores Dubai's commitment to fostering a robust business environment that encourages innovation and sustainable growth across various sectors.

With inputs from WAM