Dubai SME 100, Wavetec awarded Number 2 Ranking

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Dubai SME 100 is a premier ranking of Dubai’s 100 top performing SMEs, launched by the Mohammed Bin Rashid Establishment for SME Development (Dubai SME). On November 6th, 2013 at a special ceremony at the Dubai World Trade Center list of top SME 100 was announced where Wavetec FZCO was awarded Number 2 ranking amongst the top 100 companies.

“Wavetec is in constant pursuit of excellence in every aspect of their work. Dedicated effort from all Wavetec staff has earned us this prestigious award. This award is recognition of our professional and world class enterprise level technology solutions and services being exported to more than 60 countries from Dubai.” said Ahmed Fraz, Group CEO.

“This is more than just a ranking for us,” said Wavetec General Manager, Tobias Bessone at the occasion. “The objective is to become a world-class enterprise by innovating and sustained growth.” He also added that this ranking will serve as a tool to enhance the business environment in Dubai as well as to energize competition between the local and international businesses in the market.” According to him, seeking a rank was very useful to our business, as today we are exporting our product from Dubai to Europe, all over Middle East, Africa & South America.

For this year 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 Dhs53.3bn and total value add at Dhs16.2bn.

For more details regarding SME 100 List please visit http://www.dubaisme100rankings.com/2013/