Can Innovation Drive UAE SMEs to New Heights?

10x Industry

Mokshita P.
10x Industry
Published:

Can Innovation Drive UAE SMEs to New Heights?

Recognising top talents, the awards underscore SMEs' pivotal role in UAE's economy, promoting innovation and leadership as the sector aims for one million businesses by 2030.

Century Financial recently celebrated the remarkable accomplishments of standout SMEs during the third edition of the SME Golden Frame Awards, held at the Gulf Business Awards 2024. This aligns with the UAE's strategic vision to solidify its reputation as a global business hub and a destination for thriving SMEs, showcasing the country's commitment to fostering innovation and entrepreneurship.

Given that SMEs contribute around 63.5 percent to the UAE's non-oil GDP, they play a crucial role in the country's economic development. In fact, the number of SMEs in the UAE is expected to reach one million by 2030.

Century Financial demonstrated its strong commitment to nurturing innovation, leadership, and growth in the SME sector by presenting the prestigious Golden Frame Awards across three major categories. These awards, with a rigorous judging process, recognized top talents from a pool of contestants for their exceptional contributions to their industries.

The honourees this year were:

  • SME Leader of the Year: Muhammad Noman from Downtown Reality Real Estate

  • Innovative SME of the Year: Kapil Chugh from Strategic Wealth Advisors DMCC

  • Disruptive SME Entrepreneur of the Year: Sachin Bharti Gupta from Knowledge Planet UAE

Century Financial's Chairman and CEO, Bal Krishen, emphasised how privileged they were to honour these individuals who embody leadership and innovation within the UAE's vibrant SME landscape. Their hard work not only drives their personal success but also significantly contributes to the country's broader economic growth.

Sharad V K, Century Financial's Marketing Director, added that the Golden Frame Awards are a celebration of the resilience and talent within the SME community. The awards recognise leaders who are making a real impact in their industries and inspiring further growth in the sector.

Through initiatives like the SME Golden Frame Awards, Century Financial continues to support the success of SMEs, aligning with the UAE's broader economic goals. By spotlighting these leaders, Century Financial not only highlights their contributions to the economy but also aims to inspire the next generation of entrepreneurs.