DUBAI: Bahrain-based Gulf Petrochemical Industries Company (GPIC) has been honoured with the Best Performance and the Most Outstanding Performance Awards in the Manufacturing category at the annual Mohammed bin Rashid Al Maktoum Business Award held under the patronage of H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President and Prime Minister and Ruler of Dubai, during a high profile award ceremony at Madinat Jumeirah Arena in Dubai on Wednesday.
A representative of Gulf Petrochemical Industries Company received the awards from H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai for its exceptional performance in manufacturing category of the prestigious award.
Having opened its doors to GCC companies for the first time, the excellence award has attracted Bahraini companies from various economic sectors, especially the predominant sectors of manufacturing, and services, besides the 27% participants from the GCC countries.
“Today, it gives me immense pleasure in announcing the launch of the Mohammed Bin Rashid Al Maktoum Business Innovation Award, an initiative of the Ministry of Economy in cooperation with Dubai Chamber of Commerce & Industry. This initiative is within the framework of the declaration of the year 2015 as the UAE Year of Innovation under the wise guidance of President H.H. Sheikh Khalifa bin Zayed Al Nahyan, and also in line with the innovation strategy, launched by H.H. Sheikh Mohammed last October,” Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, and Chairman of the Panel of Judges of the Award, said.
Al Mansouri pointed out that the award in its current cycle has registered a 12.5% growth in the number of participating companies compared to its previous cycles thus bringing the number of companies over the past eight cycles to more than 1,200 which reflects on the award’s reputation as a tool of excellence in institutional performance and success.
Stressing on the success of the UAE’s business environment on creativity and innovation, H.E. Al Mansouri called upon all companies in the country and the entire GCC region to keep reinventing themselves with outstanding performance and offering of world-class services while enhancing their competitiveness in the global market.
Majed Al Shamsi, 1st Vice-Chairman, Dubai Chamber, said that the Mohammed bin Rashid Al Maktoum Business Award is not just an award for honouring outstanding companies but it is an integral part of an intensive qualification programme based on international best business practices and includes seminars and training workshops, and a club for exchange of business performance strategies, processes, operations and performance results according to the latest concepts.
Hamad Buamim, President and CEO of Dubai Chamber and Chairman of the Steering Committee of the Award, informed that the Mohammed Bin Rashid Al Maktoum Business Award has been spreading a culture of excellence in the UAE for many years, and is now doing so across the GCC region.
“On its part, Dubai Chamber is launching two new major initiatives to lead innovation growth in the emirate including the Dubai Private Sector Innovation Index which is a first-of-its-kind in the world and will measure Dubai’s progress in becoming the world’s most innovative city.
“The second one is the Dubai Chamber Innovation Strategy Framework that will lead our contribution to the national innovation strategy. This framework will be the first outside the US and will provide a benchmarking tool against other countries and a roadmap for future implementation,” H.E. Buamim, said.
Held annually under the patronage of H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President and Prime Minister and Ruler of Dubai, the award ceremony will celebrate the Mohammed Bin Rashid Al Maktoum Business Performance Program’s expansion across the GCC countries by honouring organisations that participated in the year-long 8th cycle of the program and outperformed their peers across the region in business excellence.