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The Box Self Storage Service has made the shortlist for the Business of the Year award, Customer Focus of the Year award and the MasterCard Small Business of the Year award with the CEO, Mr. Wadih Haddad being a finalist for the Business Leader of the Year and Entrepreneur of the Year category in the Gulf Capital SME Awards 2014. The Box Self Storage Service is an ISO-certified storage and moving service that offers the most modern & affordable storage units with safe, secure, and air conditioned facilities on short - term as well as long - term basis. Sheikh Khalifa, President of the UAE, approved a federal law for SMEs in April aimed at boosting growth in the sector. Included in the new law is a requirement for federal authorities and ministries to contract at least 10 per cent of their procurement budget for purchasing, servicing and consulting to SMEs. The UAE’s Minister of Economy, Sultan Al Mansouri, said in April that he hoped the contribution of the sector to the non-oil economy would rise to 70 per cent by 2020, from its current level of 60 per cent. “This is the strongest performance we have seen from technology-focused and service-orientated SMEs in the three-year history of the awards, and it is a great indication that the UAE is proving to be a vibrant breeding ground for nurturing small businesses and entrepreneurs in these sectors,” said Becky Crayman, head of awards at Meed. To recognise the growth of UAE's SMEs, business leaders and entrepreneurs for innovation, these awards are organised by MEED, which partnered with Gulf Capital three years ago as the headline sponsor. “The growth in the number of entrants this year - an increase of 6 percent compared to the previous edition shows the award programme’s steadily growing reputation as a highly sought after recognition scheme for SMEs. This year’s finalists’ have shown remarkable progress, as evidenced by their strong turnover performance. Beyond the numbers, what makes this year’s batch impressive is the strong emphasis on innovation as a key foundation for achieving long-term growth; as well as their determined effort to efficiently manage their resources to support growth plans. We wish the finalists the best of luck; and congratulate them for having gone this far in the selection process,” said Dr. Karim El-Solh, Chief Executive Officer, Gulf Capital, one of the leading alternative investment firms in the Middle East and headline sponsor of the annual Gulf Capital SMEAwards. This year’s finalists reported a combined turnover of AED1.6bn and an average growth rate of 134 per cent last year, indicating another robust performance from the SME sector in the UAE. The winner will be announced at an awards ceremony held on 29 October 2014 at the Ritz Carlton, JBR, Dubai.
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