UAE’s entrepreneurship awards finalists had remarkable growth in 2016
Originally published in Arab News (link below)
The 104 shortlisted finalists in the UAE’s entrepreneurship awards for 2017 have a combined turnover of Dh2.1 billion (SR2.1 billion), the chief executive and co-founder of Gulf Capital said.
This was equivalent to an average annual growth of just above 150 percent, said Karim El-Solh.
“What these figures show us is the continued resilience of the SME sector in the UAE, and offers confidence that this inspiring performance of small businesses will have a ripple effect on the economy of the Emirates as a whole,” he said.
Now on its sixth year, the Gulf Capital SME Awards recognize “startups, innovative SMEs with exemplary products and services, SMEs which invest in their employees’ environment and customer strategy and also the visionary entrepreneurs leading them.”