Dubai, UAE 13th Dec 2015,
Launched in 2011 under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Dubai SME100 identifies top-performing SMEs in Dubai to help them grow into bigger, more internationally-oriented, and sustainable enterprises, as well as support them through their growth.
SamTech as a solution provider leader in IoT solutions which moved up 9 places to the top 10 in Dubai SME’s third cycle from the previous 16th rank in 2013.
H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Mohammed bin Rashid Al Maktoum Foundation and President of the UAE National Olympic Committee, congratulated SamTech for its rank on November 15 at Madinat Jumeirah-Arena Ballroom.
Samir I. Abdulhadi, Founder and CEO of SamTech Middle East said: “We are very proud of this achievement and I hope this accomplishment motivates other SMEs in the Emirates to participate, as it motivates us to continue this journey and make outstanding efforts to reach to the top. This distinction is received thanks to the efforts and contributions of the team across all departments therefore I present this achievement to all staff for working together to provide the best technology and innovations as well as delivering great after sales service to all existing supplier and customer.
Also, I would like to thank the Mohammad Bin Rashid Establishment for Small and Medium Enterprises and all the employees for their support over the past two years and for such insightful courses and seminars that have contributed to achieving this success.”
Dubai is increasingly becoming a launch-pad for SMEs in vital sectors such as health, education, information technology, logistics, tourism, hospitality and others due to its global reputation as an entrepreneurial hub. As per the record the number of enrolments in the third cycle was 4,532, an increase of 49 per cent compared to 3,041 companies in the second cycle.
Together, the companies enrolled in the third cycle represent net revenues of Dh69.5 billion a workforce of over 144,000. Dubai SME has been evaluating the performance of 42 companies that participated in more than one cycle of the ranking and we saw that 98 per cent of them were able to achieve revenue growth of up to 33 per cent and up to 47 per cent growth in profits in the last three years.