Dubai Chambers opens registration with "Mohammed bin Rashid Al Maktoum Business Award"
Dubai, 23 October / WAM / Dubai Chambers has opened registration for the second session of the Mohammed bin Rashid Al Maktoum Business Award in its new form, which is considered the highest appreciation for companies’ contributions to the sustainable development process in Dubai.
The award honors companies that are committed to the highest standards of excellence, innovation and continuous development, which contributes to enhancing the competitiveness of the local business community.
This came during the activities of the “Renewed Excellence” Forum organized by Dubai Chambers at its headquarters, with the participation of more than 100 representatives of the business community.
The forum discussed the latest standards and trends of excellence and effective models in various areas of institutional work, from operational processes through human capital management and technological innovation to financial management, with the aim of supporting performance development, enhancing institutional flexibility and creating sustainable business value.
During the forum, a number of experts and specialists reviewed the most important institutional strategies adopted by leading companies to advance competitive capabilities, raise performance rates, and create a positive impact in the long term, in addition to optimal benchmarking mechanisms for strategic excellence, and touched on the best international practices in the areas of leadership, institutional culture, and operational management.
Khaled Al Jarwan, Executive Vice President of Commercial and Institutional Services at Dubai Chambers, stated that the Mohammed bin Rashid Award
Al Maktoum Business aims to support companies of all sizes and sectors in their journey towards achieving sustainable institutional excellence.
He stressed Dubai Chambers’ keenness to provide tools and platforms that enable the business community to adopt international best practices, raise standards of institutional performance, and enhance business flexibility and competitiveness in the face of rapid changes and take advantage of promising opportunities.
The award, which is a member of the Mohammed bin Rashid Global Initiatives, honors the most distinguished companies in four main categories in line with the strategic objectives of the Dubai Chambers. Dubai Chambers sponsors the Mohammed bin Rashid Al Maktoum Award for Distinguished Companies, while the Dubai Chamber of Commerce sponsors the Mohammed bin Rashid Al Maktoum Award for Family Businesses.
The Dubai International Chamber sponsors the Mohammed bin Rashid Al Maktoum Award for Global Expansion, while the Dubai Chamber for Digital Economy sponsors the Mohammed bin Rashid Al Maktoum Award for Digital Innovation.
Dubai Chambers adopts a global framework for excellence in the award, with the aim of motivating companies to continuously improve through evaluation processes.
The award model reflects the latest methodologies by focusing on processes and results in key areas and tangible measures of business success such as leadership, strategy, workforce management, ESG, digital transformation, in addition to financial performance.
Dubai Chambers provides the opportunity to participate in the award for all local companies in Dubai and international companies whose regional headquarters are located in the emirate, regardless of their sectors and areas of business.
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