Dubai Chambers Reopens Registration for Prestigious Business Award
Dubai Chambers has officially begun registration for the second cycle of the newly revamped Mohammed Bin Rashid Al Maktoum Business Award. This award stands as a hallmark of corporate excellence, playing a crucial role in bolstering Dubai’s commitment to sustainable development.
Celebrating Corporate Excellence
This initiative highlights companies that demonstrate exceptional performance, innovative practices, and continuous advancements, all while enhancing the competitiveness and resilience of the local business sector. The announcement was made at the “Excellence Reimagined Forum,” organized by Dubai Chambers at their headquarters. This event attracted over 100 professionals from various segments of the business community, underscoring the award’s significance.
Forum Insights: Embracing Emerging Trends
During the forum, attendees delved into the latest standards and emerging trends pertinent to organizational excellence. The discussions focused on effective models that span key performance areas such as operational efficiency, human capital management, technological innovation, and financial governance. Industry experts shared insights on the proactive strategies employed by leading firms to enhance their competitiveness and overall performance, emphasizing the importance of a long-term positive impact.
Participants also explored various benchmarking frameworks designed for strategic excellence. Additionally, the session highlighted global best practices related to leadership, organizational culture, and operational management.
Empowering Diverse Sectors
Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, emphasized that the award aims to empower companies of all sizes across diverse sectors on their journey toward achieving sustainable institutional excellence. The Mohammed Bin Rashid Al Maktoum Business Award, part of the Mohammed Bin Rashid Al Maktoum Global Initiatives, recognizes companies in four primary categories, each in alignment with the strategic objectives of Dubai Chambers.
Award Categories and Sponsorship
The award features four distinct categories:
- Outstanding Business Award – Sponsored by Dubai Chambers.
- Family Business Award – Sponsored by Dubai Chamber of Commerce.
- Global Expansion Award – Sponsored by Dubai International Chamber.
- Digital Innovation Award – Sponsored by Dubai Chamber of Digital Economy.
Dubai Chambers has implemented a comprehensive framework for business excellence, encouraging organizations to consistently enhance their performance throughout the evaluation process.
Research-Driven Award Model
The award model is based on in-depth research and utilizes contemporary methodologies. It emphasizes tangible measures of business success, focusing on crucial areas such as leadership, strategic direction, workforce management, environmental, social, and governance (ESG) factors, as well as digital transformation and financial achievement.
Open Call for Participation
Participation in the Mohammed Bin Rashid Al Maktoum Business Award is open to all companies operating within Dubai, including international firms with regional headquarters in the emirate. This inclusivity ensures that businesses across all sectors and industries can compete for this prestigious accolade, driving a culture of excellence in the region.
As the registration period opens, Dubai Chambers aims to foster a robust environment where businesses can thrive and contribute to the broader vision of sustainable growth for Dubai’s economy.
