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Best performing firms honoured

Abdul Basit / 1 November 2010

DUBAI ó The Dubai Chamber of Commerce & Industry honoured the winners of the 5th round of the Mohammed bin Rashid Al Maktoum Business Award 2010 with Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, presenting the trophies to the winners in various categories of the highly acclaimed nation-wide award programme.

The award ceremony was attended by heads of government departments, dignitaries, board members of Dubai Chamber, representatives of business councils, groups and trade centers, a large number of businessmen and members of the media.

In the manufacturing category, Unibeton Ready Mix and Dubai Oil Mills were announced winners whereas Gulf Pharmaceutical Industries-Julphar received the best business performance award.

The National Bank of Abu Dhabi  received the best business performance award in the finance/and DIFC registered financial institutions category as Bank Sarasin-Alpen (ME) Limited, Sharjah Islamic Bank and Standard Chartered Bank were also announced winners. National Petroleum Construction grabbed the best business performance award in the construction category, and Vopak Horizon Fujairah received the best business performance award in the supply chain & logistics category whereas Federal Express International Inc won the accolade in the same category.

For companies operating in the Free Zones, Mars GCC FZE took the best business performance award of the UAE Free Zones Manufacturing category with National Fire Fighting Manufacturing FZCO (NAFFCO) and KEF Holdings winning in this category. Landmark Group bagged the UAE Free Zones re-export category best performance award and Danube Building Materials FZCO also emerged winner in this category.

In an endeavor to encourage overall business performance excellence and to boost competitiveness, Dubai Chamber introduced new accolades to recognize the company with the ‘Most Outstanding Performance for the year’.

This went to the National Bank of Abu Dhabi, who demonstrated exceptional business performance in addition to its valuable contribution to the economic development of the country. Additionally, the business performance in each category was also acknowl edged.

In his welcome address, Dubai Chamber Chairman Abdul Rahman Saif Al Ghurair stressed that the Award which was set up as a Dubai Chamber initiative in 2005, has over the years served as a strong incentive for private sector companies in the Emirate to enhance their services and stimulate institutional performance.

In its current round, the Award has developed a new Business Performance Model which is unique to the region and is in line with international best practices as it creates global winners, he said.

“The new model which is geared to assist businesses interact with each other, identify and improve their strategies, processes and performance, provides an institutional and educational opportunity to the participants to evaluate and analyse their own business performance, and at the same time, benefit from other participants’ experiences in seeking excellence.

The Award also helps the enterprises to raise their competitiveness and motivate their staff to perform with distinction,” Al Ghurair added.

    —abdulbasit@khaleejtimes.com

 
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