Overview & Objectives
Launched under the patronage of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Dubai SME100 identifies the top performing SMEs in Dubai to help groom them into bigger and more sustainable enterprises, and to support them in their growth into larger and internationally oriented companies. More than just a ranking, the objective of Dubai SME 100 is to inspire willing and able SMEs that have the potential to be world class enterprises, to invest in innovation and people, and to sustain growth. The ranking also serves as a tool for helping SMEs identify capability gaps for improvement. This is the primary added value of Dubai SME 100: the ultimate outcome is for Dubai to have more growth-oriented, innovative, capable, and sustainable enterprises that can fly the UAE flag high.
In line with the strategy to groom promising SMEs, the Dubai SME 100 ranking will act as a catalyst to identify promising SMEs and groom them to become bigger, better and sustainable enterprises; eventually graduating them to large globally-oriented companies.
At its core, the ranking is aimed at:
- Celebrating Dubai's top performing SMEs.
- Creating greater awareness of the importance of SME development.
- Creating a national motivational psyche in the nation's social and business community.
- Encouraging SME role models to share their best practices in management.
- Marketing the capabilities of Dubai's SME's to regional and global investors.
- Providing opportunities for SMEs to raise capital.
- Creating a continuous and sustainable pipeline of SMEs for a potential secondary listing of SMEs (IPO) that can attract equity capital for growth.
- Providing development path for SMEs to graduate.
- Creating a culture of transparency, corporate governance and best practice sharing.
Unlike other rankings which are based mainly or purely on financial indicators, the Dubai SME 100 ranking places a balanced emphasis on financial and non-financial dimensions that affect enterprise performance and development. The non-financial dimensions cover Innovation, International Orientation, Human Capital Development and Corporate Excellence. The ranking will also serve as a tool for helping SMEs identify capability gaps for improvement. This is the real value add of Dubai SME 100.
The ultimate outcome is for Dubai to have more growth-oriented, innovative, capable and
The basic criterion is that the applicant must be an SME based on the official definition of Dubai's SMEs. In addition, it must have at least 3 years audited financial statements, and be an independent entity registered in the UAE.