WEF names Air Arabia among GGCs for 2014
(MENAFN- Arab News) Air Arabia claimed to be the MENA's first and largest low-cost carrier has been named among the World Economic Forum's (WEF) Global Growth Companies (GGCs) for 2014. Air Arabia joins 27 other GGCs across Europe Eurasia and the Middle East representing a broad cross-section of industry sectors.
The announcement was made at the recently concluded World Economic Forum Special Meeting on Unlocking Resources for Regional Development held in Istanbul Turkey. The company was selected for exceeding industry standards in revenue growth promoting innovative business practices and leadership in corporate citizenship.
Adel Ali group CEO Air Arabia said: 'With this distinction Air Arabia joins an elite group of fast-growing industry leaders. We have always been considered an innovator and pathbreaker in the field of aviation and it is gratifying to be recognized for our efforts and contribution to the MENA economy.
Being part of the WEF GGC community provides us an opportunity to leverage our expertise and create meaningful partnerships with industry peers. With a firm focus on sustained and long-term growth we remain committed to extending our value-for-money philosophy.'
GGCs comprise the most dynamic high-growth companies from around the world. They are best described as the trailblazers shapers and innovators committed to improving the state of the world. Currently GGCs come from more than 65 countries and are distinguished by their potential to become a leader in the global economy owing to their business models growth records leadership and the markets they serve.
David Aikman MD and head of the New Champions at the World Economic Forum said: 'When choosing entrants to our Community of Global Growth Companies we assess companies on their business model annual revenues and growth rates exclusive leadership and market position. Air Arabia is a dynamic group with clear potential to shape the future.'
The announcement was made at the recently concluded World Economic Forum Special Meeting on Unlocking Resources for Regional Development held in Istanbul Turkey. The company was selected for exceeding industry standards in revenue growth promoting innovative business practices and leadership in corporate citizenship.
Adel Ali group CEO Air Arabia said: 'With this distinction Air Arabia joins an elite group of fast-growing industry leaders. We have always been considered an innovator and pathbreaker in the field of aviation and it is gratifying to be recognized for our efforts and contribution to the MENA economy.
Being part of the WEF GGC community provides us an opportunity to leverage our expertise and create meaningful partnerships with industry peers. With a firm focus on sustained and long-term growth we remain committed to extending our value-for-money philosophy.'
GGCs comprise the most dynamic high-growth companies from around the world. They are best described as the trailblazers shapers and innovators committed to improving the state of the world. Currently GGCs come from more than 65 countries and are distinguished by their potential to become a leader in the global economy owing to their business models growth records leadership and the markets they serve.
David Aikman MD and head of the New Champions at the World Economic Forum said: 'When choosing entrants to our Community of Global Growth Companies we assess companies on their business model annual revenues and growth rates exclusive leadership and market position. Air Arabia is a dynamic group with clear potential to shape the future.'
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