February 13, 2012
GIT Dubai has been awarded 11th place in a list of the top 100 SMEs (Small and Medium Enterprises) in Dubai by Dubai SME, an agency of the Department of Economic Development in Dubai (DED).
GIT Dubai’s Dr Sassan Dieter Khatib-Shahidi stated in an email that the company “is very proud” to have ranked 11th, and noted that “it is possible for our industry to outshine other business sectors” in such rankings.
The remanufacturer stated that it is one of around 72,000 SMEs operating in Dubai, with only 13 of the 100 chosen engaged in manufacturing. Between them, the 1000 generate AED 2.3 billion ($626.1 million/€471.9 million), and the bi-annual ranking, beginning with this contest, is based on financial records and a “stringent audit” by Dubai SME.
The top 100 SMEs were honoured by His Highness Sheikh Ahmad Bin Saeed Al Maktoum, Chairman of the Economic Sector Committee in Dubai, President of Dubai Civil Aviation and Chairman and Chief Executive of Emirates Airline and Group.
His Excellency Sami Al Qamzi, Director General of DED, stated of the SMEs: “I congratulate the first batch of Dubai SME 100 companies who have demonstrated the willingness and capabilities to be evaluated under the DubaiSME 100 model. They have shown commendable performance and vision for growth and development. I also commend DubaiSME for launching such an initiative to create a dynamic platform for all SMEs to come forward on their own will, participate, exchange information and share best practices. I am sure SMEs will be curious to know how their fellow-enterprises have grown and developed.”
Khatib-Shahidi added that the company also placed fourth in Human Capital Development and sixth in financial growth, and stated that he hopes the company’s recognition “can inspire other entrepreneurs, newcomers and seasoned players alike, to manage businesses […] in our industry” in a way to achieve such a reward. He noted: “The sometimes not so glamorous self attributed appearance of our industry can be shed easily if industry leaders do the right thing and manage their businesses just like any other business is and should be doing, in accordance with sound management and market principles.”
GIT Dubai previously achieved fourth place in the Arabia500 list of the 500 fastest growing companies in the Middle East, and helped produce an hourly newsletter at the recent GITEX trade show in Dubai using its own products.
Categories : Around the Industry