SMEs continue to be the nucleus of a diversifying economy multiplying exponentially with new ideas. From retail to technology, hospitality to healthcare, logistics to education – entrepreneurs have expedited disruption in every sector by identifying new mediums of serving the Gen Z customer. In the UAE alone, SMEs represent more than 94% of companies, employing about 86% of the private sector workforce and generating 52% of the non-oil GDP.
With a similar stake in the global economy, SMEs remain pivotal in employing the burgeoning workforce and driving the future, forward. In 2020, Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises (SMEs) confirmed that supporting SMEs is a top priority in the Ministry’s agenda in line with the UAE’s immediate and long-term vision.
In the last decade, with the unwavering support of our founding partner, Gulf Capital, our awards programme has attracted 1922 total entries from 1209 participating companies, rewarded 553 finalists and 350 winners across 17 categories with one unifying purpose – to accelerate and enable innovation in the economy’s most vital sector.
There has never been a better time, a more powerful platform, or a more engaged audience, for an SME to share its growth story and establish a precedent for the future. The Gulf Capital SME AWARDS 2021 will be a fantastic 10-year celebration of the SME community aimed to reward pioneers of change through the piercing lens of 60+ judges. Entrants will have a platform to showcase their business practices, benchmark against peers and gain valuable insights from mentors and judges to further strengthen their proposition.