(MENAFN- Mid-East Info) Dubai Chambers hosts 'Excellence Reimagined Forum' with the participation of more than 100 representatives from the private sector

• Khalid AlJarwan:“Through this initiative, Dubai Chambers reaffirms its commitment to providing tools and platforms that enable the business community to adopt global best practices and elevate performance standards.”

• The award features four categories: the Outstanding Business Award, the Family Business Award, the Global Expansion Award, and the Digital Innovation Award.
• Participation is open to all companies in Dubai as well as international companies with regional headquarters in the emirate, across all sectors and fields of business.

Dubai, UAE – Dubai Chambers has announced the opening of registration for the second cycle of the reimagined” version of Mohammed Bin Rashid Al Maktoum Business Award, the emirate's most prestigious recognition of corporate excellence and contributions to Dubai's sustainable development journey. The award celebrates companies that demonstrate outstanding performance, innovation, and continuous improvement, reinforcing the competitiveness and resilience of the local business community.

The announcement was made during the 'Excellence Reimagined Forum' organised by Dubai Chambers at its headquarters, which brought together more than 100 representatives from the business community. The forum examined the latest standards and emerging trends in organisational excellence, highlighting effective models across key areas of performance ranging from operations and human capital management to technological innovation and financial governance. The sessions were aimed at advancing performance development, strengthening institutional resilience, and creating long-term, sustainable value for businesses.

During the event, industry experts and specialists showcased the forward-thinking strategies adopted by leading companies to boost competitiveness, elevate performance, and drive long-term positive impact. Participants also explored effective benchmarking frameworks for strategic excellence and examined global best practices in leadership, organisational culture, and operational management.

Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, commented:“The Mohammed Bin Rashid Al Maktoum Business Award is designed to empower companies of all sizes in diverse sectors on their journey towards sustainable institutional excellence. Through this initiative, Dubai Chambers reaffirms its commitment to providing tools and platforms that enable the business community to adopt global best practices, elevate performance standards, and build greater resilience and competitiveness amid rapid change and new opportunities.”

The Mohammed Bin Rashid Al Maktoum Business Award, under the Mohammed Bin Rashid Al Maktoum Global Initiatives, recognises companies across four main categories aligned with Dubai Chambers' strategic objectives. The Outstanding Business Award is sponsored by Dubai Chambers, the Family Business Award is sponsored by Dubai Chamber of Commerce, and the Global Expansion Award is sponsored by Dubai International Chamber, while the Digital Innovation Award is sponsored by Dubai Chamber of Digital Economy.

Dubai Chambers' adoption of a framework for business excellence is designed to encourage companies to continuously improve their performance throughout the evaluation process. The award model is based on extensive research and reflects the latest methodologies, focusing on tangible measures of business success including leadership, strategy, workforce management, ESG (environmental, social and governance), and digital transformation, in addition to financial performance.

The Mohammed Bin Rashid Al Maktoum Business Award comes as part of Dubai Chambers' ongoing efforts to foster a culture of excellence within the business community and highlight the importance of adopting innovative and forward-thinking practices in institutional management. The award encourages winners to share their success stories and best practices with peers across the wider business ecosystem, while all participants receive a comprehensive evaluation report detailing the outcomes of their submissions.

Launched in 2005 under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the award honours organisations that contribute to sustainable economic development. In 2023, the award framework was comprehensively restructured to reflect the evolving needs of the global business community and align with the vision outlined in the Dubai Economic Agenda (D33). In September 2023, Dubai Chambers reintroduced the award under the umbrella of Mohammed Bin Rashid Al Maktoum Global Initiatives, following major enhancements to its model, evaluation mechanisms, frameworks, and categories.

Participation is open to all companies in Dubai as well as international companies with regional headquarters in the emirate, across all sectors and areas of business.

About Dubai Chambers:

Dubai Chambers is a non-profit public entity that supports Dubai's vision as a global player by empowering businesses, delivering innovative value-added services, and unlocking access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber of Commerce and the formation of three chambers for the emirate, namely Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under the umbrella of Dubai Chambers.

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