SUKAD as One of the Fast Growth Companies in the Region

- December 12,2011

At a Gala dinner earlier this week, the AllWorld Network recognized the fast growth companies in the Arab World plus Turkey and Pakistan under the inaugural year of the Arabia500+Turkey rankings.

The event took place in parallel to the second global Entrepreneurship Summit that the Turkish Government is hosting in Istanbul under the aegis of the Turkish Prime Minister Mr. Erdogan. The entrepreneurship Summit is an initiative by the United States and President Obama.

The recognition event came at the end of a 3-day event full of excitement and learning about the critical need for entrepreneurs to step up and take the lead in forming small and medium enterprises in order to create jobs and reduce unemployment now and for years to come. It is worth noting that an Arabia 500 company has created 200 jobs, on average.

“SUKAD is one of the smallest companies, if not the smallest, and possibly the only dedicated project management solutions providers on the Arabia500 ranking,” said Mr. Mounir Ajam, SUKAD co-founder and CEO. Mr. Ajam adds, “We are very proud of this achievement and noting that we get this recognition despite the global crisis and the economic conditions.”

“The Arabia500 companies, led by dynamic men and women, represent the leading edge of a new approach to competitiveness,” said AllWorld co-founder Harvard Business School Professor Michael Porter. While the companies of the Arabia500+Turkey are largely unknown, their combined GDP is greater than 80 countries. Collectively, the Arabia500+ Turkey represent $15 billion in sales and 100,000 employees, equal to two times the size of Apple Inc.

“From the Arab Street to Wall Street, the need is for bold economic action and immediate job creation. Investing in the entrepreneurs of the Arabia500 is the surest bet to unleashing economic opportunities,” says economist Anne Habiby, co-founder of AllWorld Network. “We congratulate each of the Arabia500 winners and their teams on their outstanding achievements, and we know thousands will take inspiration from them. “