(MENAFN- Khaleej Times) Dubai SME, the agency of the Department of Economic Development mandated to develop the small and medium enterprise, or SME sector, will announce the list of companies ranked under the 2013 Dubai SME100 initiative this Wednesday at a special ceremony to be held at the Dubai World Trade Centre.
Currently in its second cycle, the Dubai SME100 initiative, launched in 2011 under the patronage of Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, aims to identify and rank top-performing SMEs based on a set of financial and non-financial performance parameters. The non-financial performance dimensions include human capital development, innovation, corporate governance and international orientation.
Post-ranking, the 100 SMEs will be offered capability development programmes based on their needs across such diverse areas.
For the 2013 ranking, more than 3,000 SMEs applied or were nominated, which is 178 per cent more than the 1,092 SMEs nominated for the 2011 ranking. Considering industry averages, the net output of these SMEs is estimated at about Dh53.3 billion and total value add at Dh16.2 billion.
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