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ARABIA500 GDP GREATER THAN 80 COUNTRIES
The GCC Regional Winners of Arabia500+Turkey Released
29 November 2011…AllWorld Network today announced part of the Arabia500+Turkey, a ranking of the fastest growing young companies in the Middle East and North Africa Region (MENA), Turkey and Pakistan. The entrepreneurs of the Arabia500, spanning from Morocco to Pakistan are succeeding against the odds, growing at 40 percent yearly in the toughest downturn in 80 years, and two-thirds reporting stronger profitability compared to a year ago.
Today, AllWorld released the GCC winners of the Arabia 500, with subsequent daily announcement of the winners from North Africa, the Levant, Pakistan and Turkey. These announcements are in anticipation of the Arabia500 gathering on December 3rds for the Global Summit on Entrepreneurship in Istanbul.
Read the full package of information here.
“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. Joining AllWorld to create the Arabia500 were TEPAV and TOBB (the Federation of Turkish Chambers), private equity giant Arcapita, and consulting firm Monitor Group. In January, Arcapita will host the GCC100 winners of the Arabia500 for an Awards Ceremony & Summit. The Mohammed Bin Rashid Establishment for SME Development also partnered with AllWorld and the DubaiSME100 are today being announced as part of the Arabia500.
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. Each entrepreneur on the ranking has created an average of 200 jobs, in industries from web technology to transportation, energy to education, and construction to consumer goods. An average of only 42 years old, nearly all of them plan to found another company in the next two years.
The Arabia500 winners will gather for the 2011 Prime Minister’s Global Summit on Entrepreneurship in Istanbul, Turkey, December 3-5. Turkish Prime Minister Erdogan and US Vice President Biden will attend the event. The winners will spend three days with AllWorld’s Capital Partners Arcapita, RED/Abraaj, Eastgate Group, NCB Capital, Cyan and celebrated investors Dr. Ghassan Sulaiman of Saudi Arabia and Samad Dawood of Pakistan.
“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. “
Any private, non-listed, company was invited to compete for a spot on the inaugural Arabia500 by having rapid sales growth and demonstrating results with audited financial statements. “Many assumed the region only had small and unsophisticated entrepreneurs. The Arabia500 crushes that assumption. The Arabia500 are some of the most sophisticated entrepreneurs in the world, many with operations spanning the Middle East, Africa, and Asia, and with deep ties to Silicon Valley and universities around the world,” said Deirdre Coyle, co-founder of AllWorld Network. “As the winners of the Arabia500, we look forward to working with them to become the largest entrepreneurial collaboration and force for good.”
AllWorld co-founders Anne Habiby, Deirdre Coyle and Professor Porter mounted a 15-country effort with 40 organizations to find growth entrepreneurs, including Zawya, Cisco, chambers, business associations and many leading NGOs working with entrepreneurs. Companies had to complete an application, show audited statements to verify their sales, and be strenuously vetted. The Arabia500 winners represent 15 countries, with the most number of winners coming from Turkey and the UAE, followed by Pakistan, Saudi Arabia, Jordan and Tunisia.
“Millions of entrepreneurs across the world challenge the status quo, finding solutions every day and improving the lives of many around them,” said Shadi Banna, founder of Potential and the SME Evolution Program. “If they can be brought into the spotlight and empowered to do what they do well, we have a chance to enhance the world. And that's what the AllWorld is doing. “
AllWorld’s mission is to make visible the emerging companies of the world, so that thousands of players can invest in them, buy from them and work for them. By making companies visible, AllWorld is increasing their odds of success and spurring innovation – what AllWorld calls Visibility EconomicsTM.
AllWorld is releasing a series of market insight reports on the Arabia500 based on real time operating and financial performance information. Last week, AllWorld released Now, calling for a bold new economic agenda centered around the Arabia 500. The Arabia500 findings and company profiles available at AllWorldLive.com, and Habiby and Coyle 2010 article “The High-Intensity Entrepreneur,” can be found at the Harvard Business Review at HBR.org.
Attachments: GCC winners of Arabia500 Ranking, Top Company Profiles, Arabia500 Report
The Arabia500 companies are divided into three categories:
- Ranked Companies — those with at least three years of operating history and a minimum of $500,000 in sales
- Start-ups — usually just a year or two old and growing rapidly
- Companies to Watch, those with terrific growth until 2008 that managed to sustain sales through the downturn.
THE ARABIA 500 GCC REGIONAL WINNERS
|
Country Rank |
Company Name |
Industy |
2008-2010 Standard Growth Rate |
2010 Revenue Range ($) |
2010 |
|
BAHRAIN |
|||||
|
1 |
Six Stars International Trading Company |
Import/Export Trade |
321% |
0-1 Million |
11 |
|
2 |
Gulf Strategic Partners W.L.L. |
Construction & Engineering |
10% |
10-50 Million |
52 |
|
Start Up |
AutoSpa Bahrain W.L.L. |
Automotive |
|
0-1 Million |
9 |
|
Start Up |
Avenue Car Rental & Leasing |
Transportation & Aviation |
|
1-5 Million |
37 |
|
Start Up |
The K Hotel |
Travel & Tourism |
|
1-5 Million |
135 |
|
Company to Watch |
Transworld Information Technology |
Hardware Services & Products |
|
5-10 Million |
70 |
|
QATAR |
|||||
|
1 |
Sidra Agriculture Company |
Environmental Services |
209% |
1-5 Million |
126 |
|
2 |
Etimaad Qatar |
Construction & Engineering |
62% |
1-5 Million |
400 |
|
3 |
Spanco Golden Key Solutions |
High Tech & Telecommuniations |
27% |
10-50 Million |
500 |
|
Start Up |
Coreo |
Real Estate, Rental & Leasing |
|
0-1 Million |
3 |
|
Start Up |
Yalla Transportation |
Transportation & Aviation |
|
0-1 Million |
15 |
|
Company to Watch |
Construction Development Contracting and Trading |
Construction & Engineering |
|
1-5 Million |
238 |
|
SAUDI ARABIA |
|||||
|
1 |
Zonik (Digital & Electronic Solutions Development Company) |
High Tech & Telecommunications |
1665% |
200-500 Million |
495 |
|
2 |
Futurelab |
Health & HealthCare |
390% |
1-5 Million |
87 |
|
3 |
Tejoury ltd |
Professional & Consulting Services |
328% |
1-5 Million |
85 |
|
4 |
EXPO Logistic Services |
Travel & Tourism |
231% |
1-5 Million |
33 |
|
5 |
Visualizit |
Public Relations, Media & Publishing |
215% |
5-10 Million |
16 |
|
6 |
Bussma Real Estates Managment Co |
Real Estate, Rental & Leasing |
158% |
1-5 Million |
75 |
|
7 |
Waseel ASP Ltd. |
Health & HealthCare |
119% |
1-5 Million |
30 |
|
8 |
Rumman Company |
Public Relations, Media & Publishing |
113% |
1-5 Million |
18 |
|
9 |
Eker Company Ltd. |
High-Tech & Telecommunications |
111% |
1-5 Million |
40 |
|
10 |
Tamkeen Industrial & Trading Co. Ltd |
Professional, Scientific & Tech Services |
100% |
5-10 Million |
100 |
|
11 |
GTMedical |
Health & HealthCare |
82% |
1-5 Million |
38 |
|
12 |
HANCO Rent-A-Car |
Transportation & Aviation |
72% |
50-200 Million |
|
|
13 |
Al Farrad Car Rental Company |
Transportation & Aviation |
65% |
1-5 Million |
150 |
|
14 |
InterContinental Travel Co |
Travel & Tourism |
61% |
10-50 Million |
33 |
|
15 |
Elixir |
Professional & Consultancy Services |
59% |
1-5 Million |
20 |
|
16 |
Omrania & Associates |
Professional & Consulting Services |
55% |
5-10 Million |
227 |
|
17 |
IT Security Training and Solutuions-I(TS)2 |
High-Tech & Telecommunications |
55% |
10-50 Million |
140 |
|
18 |
Femi9 |
Textiles & Fashion |
54% |
10-50 Million |
280 |
|
19 |
Trans Arabian Creative Communications - TRACCS |
Public Relations, Media & Publishing |
41% |
5-10 Million |
55 |
|
20 |
UEC-United Electronics |
Consumer Goods |
41% |
200-500 Million |
2554 |
|
21 |
NABA Water Factory |
Water |
39% |
1-5 Million |
120 |
|
22 |
Ahmed Omar Bahlaiwa Sons Co. Ltd |
Building Materials |
37% |
5-10 Million |
80 |
|
23 |
Al Ghassan Motors |
Automotive |
35% |
50-200 Million |
79 |
|
24 |
M.O.K Trading Establishment - Universal Cars |
Automotive |
34% |
10-50 Million |
125 |
|
25 |
Al-Yusr Installment |
Finance & Insurance |
34% |
50-200 Million |
|
|
26 |
Adaptive TechSoft (ATS) |
High-Tech & Telecommunications |
33% |
5-10 Million |
82 |
|
27 |
Arabian Oud |
Retail Store |
31% |
50-200 Million |
1250 |
|
28 |
Shawarmer Restaurant |
Food Industries |
27% |
5-10 Million |
310 |
|
29 |
International Company for Water & Power Projects (ACWA Power) |
Energy & Power, Water |
24% |
50-200 Million |
72 |
|
30 |
Kindasa Water Services Co |
Water |
12% |
10-50 Million |
150 |
|
31 |
Advanced Communications Electronics Systems Co, Ltd-ACES. |
High-Tech & Telecommunications |
10% |
50-200 Million |
750 |
|
32 |
AlSale Eastern Company |
Construction & Engineering |
10% |
50-200 Million |
125 |
|
33 |
Saudi Readymix Concrete Company |
Construction & Engineering |
10% |
200-500 Million |
? |
|
Start Up |
Ala’a Hariri’s Interiors |
Art & Design |
|
0-1 Million |
8 |
|
Start Up |
Food Way |
Accommodation & Food Service |
|
0-1 Million |
14 |
|
Start Up |
Reach Holdings Ltd |
E-commerce & web services |
|
0-1 Million |
6 |
|
Start Up |
TecnoShift Saudi Arabia |
Professional & Consulting Services |
|
0-1 Million |
4 |
|
Company to Watch |
Luxury Goods Trading Co. (Baby Fitaihi) |
Retail Store |
|
1-5 Million |
27 |
|
Company to Watch |
National Talents Co. for Training and Education |
Education & Training |
|
1-5 Million |
21 |
|
Company to Watch |
Sukoon International Company |
Health & HealthCare |
|
1-5 Million |
160 |
|
UNITED ARAB EMIRATES |
|||||
|
1 |
DUPLAYS |
Entertainment & Recreation |
339% |
0-1 Million |
16 |
|
2 |
FRiENDi GROUP |
Telecommunications |
170% |
1-5 Million |
85 |
|
3 |
Tasc Outsourcing (License name: Tasc Labour Services) |
Recruitment & Training |
143% |
10-50 Million |
700 |
|
4 |
German Imaging Technologies (GIT) Dubai LLC |
Manufacturing & Packaging |
100% |
1-5 Million |
50 |
|
5 |
MCI Middle East LLC |
Professional & Consulting |
97% |
5-10 Million |
37 |
|
6 |
Recycle Emirates |
Environmental Services |
65% |
10-50 Million |
35 |
|
7 |
Mosaica Education Abu Dhabi LLC |
Education & Training |
63% |
10-50 Million |
92 |
|
8 |
Merlin Digital |
Import/Export Trade |
53% |
5-10 Million |
52 |
|
9 |
3W Networks FZE |
Telecommunications |
45% |
10-50 Million |
142 |
|
10 |
O2 Network |
Marketing & Events |
25% |
10-50 Million |
60 |
|
11 |
Radiant Engineering FZC |
Construction & Engineering |
18% |
5-10 Million |
11 |
|
12 |
Wanasa Land Entertainment L.L.C. |
Entertainment & Recreation |
11% |
1-5 Million |
42 |
|
Start Up |
Agha & Co |
Professional & Consulting Services |
|
0-1 Million |
17 |
|
Start Up |
Gulf Communications |
Software Services & Products |
|
1-5 Million |
12 |
|
Start Up |
REIDIN.com - Emerging Markets Real Estate Information |
Real Estate, Rental & Leasing |
|
0-1 Million |
17 |
|
Company to Watch |
Fast Rent a Car |
Transportation & Aviation |
|
10-50 Million |
910 |
|
YEMEN |
|||||
|
Company to Watch |
Aqarmap.com |
E-commerce & web services |
|
0-1 Million |
20 |
|
Dubai SME100 |
Company Name |
Sector |
Industry |
|
Dubai SME100 |
3W NETWORKS FZCO |
Services |
Information Technology (Hardware and Software) |
|
Dubai SME100 |
5 CAPITALS ENVIRONMENTAL AND MANAGEMENT CONSULTANCIES |
Services |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
AAA ROADSIDE ASSISTANCE |
Services |
Logistics |
|
Dubai SME100 |
AL BADR & AL MUAINI GENERAL TRADING L.L.C |
Trading |
Other |
|
Dubai SME100 |
AL FAHIM CARPET & CURTAINS |
Trading |
Wood Products including furniture |
|
Dubai SME100 |
AL JOWDER INTERNATIONAL GENERAL TRADING |
Trading |
Other |
|
Dubai SME100 |
AL SHAMI SUGAR & GRAINS PACKING |
Manufacturing |
Food and Beverage |
|
Dubai SME100 |
AL WEGDANIYAH Transport Solutions |
Services |
Logistics |
|
Dubai SME100 |
AL ZUBAIDI MODERN DECORATIVE SYSTEMS(LLC |
Services |
Construction & contracting companies |
|
Dubai SME100 |
AMERICAN ACADEMY OF COSMETIC SURGERY HOSPITAL |
Services |
Healthcare (hospitals, clinics, pharmacies, labs) |
|
Dubai SME100 |
Appetite Catering services LLC |
Manufacturing |
Food and Beverage |
|
Dubai SME100 |
ART INDIA TEXTILES |
Trading |
Textile, Wearing Apparel & Leather |
|
Dubai SME100 |
BIOLITE AESTHETIC CLINIC |
Services |
Other |
|
Dubai SME100 |
BIZ-GROUP FZ LLC |
Services |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
Bizxchange |
Trading |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
BLUE BEETLE FZ LLC |
Services |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
CAISTOR ASSOCIATES |
Services |
Construction & contracting companies |
|
Dubai SME100 |
CONNECT4 DIGITAL PRINTING |
Services |
Paper products, printing & |
|
Dubai SME100 |
CREEK CASTLE CONTRACTING |
Services |
Construction & contracting companies |
|
Dubai SME100 |
Crowe Horwath |
Services |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
DC PRO ENGINEERING |
Services |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
DGT LLC |
Trading |
Food and Beverage |
|
Dubai SME100 |
DIMARA INTERNATIONAL |
Trading |
Tourism & Hospitality (hotels/ restaurants and services included) |
|
Dubai SME100 |
DIMENSIONS HEALTHCARE FZ LLC |
Services |
Information Technology (Hardware and Software) |
|
Dubai SME100 |
DIVA MODELLING & EVENTS |
Services |
Media |
|
Dubai SME100 |
DOLPHIN DIVING SERVICES |
Services |
Other |
|
Dubai SME100 |
DUBAI TECHNOLOGIESS |
Trading |
Information Technology (Hardware and Software) |
|
Dubai SME100 |
DYNAMIC LEARNING - SIX SECONDS FZ LLC |
Services |
Education (Education service provider) |
|
Dubai SME100 |
EASTERN BIOTECH & LIFE SCIENCES FZ LLC |
Services |
Healthcare (hospitals, clinics, pharmacies, labs) |
|
Dubai SME100 |
Ecobility Energy Solutions |
Trading |
Other |
|
Dubai SME100 |
E-Home Automation |
Services |
Information Technology (Hardware and Software) |
|
Dubai SME100 |
EISA TRAVELS |
Services |
Tourism & Hospitality (hotels/ restaurants and services included) |
|
Dubai SME100 |
ELCOME INTERNATIONAL LLC |
Services |
Other |
|
Dubai SME100 |
EMIRATES INTEGRATED MEDICAL CENTRE FZ-LLC |
Services |
Healthcare (hospitals, clinics, pharmacies, labs) |
|
Dubai SME100 |
EMIRATES PEARL GENERAL TRADING L.L.C. |
Trading |
Other |
|
Dubai SME100 |
EMIRATES TRANS GRAPHICS ( L.L.C ) |
Trading |
Other |
|
Dubai SME100 |
ENERPLASTICS LLC |
Manufacturing |
Plastic products |
|
Dubai SME100 |
ETHOS CONSULTANCY |
Services |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
FIRST LIGHT FZ LLC |
Services |
Information Technology (Hardware and Software) |
|
Dubai SME100 |
FUTURELINK |
Services |
Other |
|
Dubai SME100 |
GERMAN IMAGING TECHNOLOGIES DUBAI LLC |
Manufacturing |
Other |
|
Dubai SME100 |
GOLDEN MOTOR TELEPHONE |
Trading |
Other |
|
Dubai SME100 |
GULF PUMPS (L.L.C) |
Trading |
Construction & contracting companies |
|
Dubai SME100 |
GULF SEAFOOD LLC |
Manufacturing |
Food and Beverage |
|
Dubai SME100 |
HALLEY's COMET TOURISM (L.L.C) |
Services |
Tourism & Hospitality (hotels/ restaurants and services included) |
|
Dubai SME100 |
HAPPY YUMMY |
Trading |
Food and Beverage |
|
Dubai SME100 |
HARLEQUIN MARQUEES & EVENT SERVICES |
Services |
Other |
|
Dubai SME100 |
HELP AG MIDDLE EAST FZ LLC |
Services |
Information Technology (Hardware and Software) |
|
Dubai SME100 |
HERITAGE FOR HENNA |
Services |
Other |
|
Dubai SME100 |
HIMA MIDDLE EAST FZE |
Services |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
HiPHONE TELECOM |
Trading |
Other |
|
Dubai SME100 |
HORIZON SATELLITE SERVICES FZ LLC |
Services |
Information Technology (Hardware and Software) |
|
Dubai SME100 |
INCON INFRASTRUCTURE CONTRACTING LLC |
Services |
Construction & contracting companies |
|
Dubai SME100 |
INNOVATIVE HR SOLUTIONS FZ LLC |
Services |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
INTERCOIL INTERNATIONAL CO. LLC |
Manufacturing |
Other |
|
Dubai SME100 |
INTERNATIONAL BUSINESS CONSULT |
Services |
Other |
|
Dubai SME100 |
JUST FALAFEL |
Services |
Food and Beverage |
|
Dubai SME100 |
KIMOHA ENTREPRENEURS LIMITED |
Manufacturing |
Paper products, printing & |
|
Dubai SME100 |
Lemongrass Thai Restaurant llc |
Services |
Food and Beverage |
|
Dubai SME100 |
Levenbert |
Services |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
LINKS GROUP LIMITED |
Services |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
Mani Foods Ind. LLC |
Manufacturing |
Food and Beverage |
|
Dubai SME100 |
MD INTERIOR DESIGN |
Services |
Services – Security, manpower, facilities |
|
Dubai SME100 |
MEPCO Gulf co |
Trading |
Paper products, printing & |
|
Dubai SME100 |
MERLIN DIGITAL GENERAL TRDG LLC |
Trading |
Information Technology (Hardware and Software) |
|
Dubai SME100 |
Micro Automation industries |
Manufacturing |
Other |
|
Dubai SME100 |
MIDDLE EAST PRESTRESSING LLC |
Services |
Construction & contracting companies |
|
Dubai SME100 |
O2 NETWORK |
Services |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
ON TIME |
Services |
Services – Security, manpower, facilities etc |
|
Dubai SME100 |
Orbis Foods |
Manufacturing |
Food and Beverage |
|
Dubai SME100 |
OTAL LLC |
Trading |
Other |
|
Dubai SME100 |
OZON TECHNO COMMERCIAL FZCO |
Trading |
Other |
|
Dubai SME100 |
PALACE ENGINEERING CONSULTANTS |
Services |
Construction & contracting companies |
|
Dubai SME100 |
PARAMOUNT COMPUTER SYSTEMS |
Services |
Information Technology (Hardware and Software) |
|
Dubai SME100 |
PRINTPAC ME |
Manufacturing |
Paper products, printing & |
|
Dubai SME100 |
PRO-DESIGN ADVERTISING (LLC) |
Services |
Media |
|
Dubai SME100 |
propertyfinder.ae |
Services |
Media |
|
Dubai SME100 |
Radiant Engineering FZC |
Services |
Fabricated Metal & equipment |
|
Dubai SME100 |
RELAYS ENGINEERING CONSULTANTS |
Services |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
RITMO FURNITURE |
Trading |
Wood Products including furniture |
|
Dubai SME100 |
ROYAL CITY CONTRACTING L.L.C |
Services |
Construction & contracting companies |
|
Dubai SME100 |
SAMTECH MIDDLE EAST |
Services |
Information Technology (Hardware and Software) |
|
Dubai SME100 |
SAT INSULATION MATERIALS LLC |
Manufacturing |
Construction & contracting companies |
|
Dubai SME100 |
SNTTA Travel &Tours llc. |
Services |
Other |
|
Dubai SME100 |
SPANTEC SOLUTIONS LLC |
Services |
Information Technology (Hardware and Software) |
|
Dubai SME100 |
SUKAD FZ LLC |
Services |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
SUNTRON ELECTRONICS |
Trading |
Other |
|
Dubai SME100 |
THE HUNDRED PILATES STUDIO FZ-LLC |
Services |
Healthcare (hospitals, clinics, pharmacies, labs) |
|
Dubai SME100 |
THE JAM JAR LLC |
Services |
Other |
|
Dubai SME100 |
The Number 1 General Trading |
Trading |
Other |
|
Dubai SME100 |
Think Software Servicess |
Services |
Information Technology (Hardware and Software) |
|
Dubai SME100 |
TONNIT DESIGN & ADVERTISING LLC |
Services |
Professional Services – management consulting, advertising |
|
Dubai SME100 |
TRINITY INFOTECH LLC |
Trading |
Information Technology (Hardware and Software) |
|
Dubai SME100 |
TRIPLE CROWN SHIPPING AND LOGISTICS LLC |
Services |
Logistics |
|
Dubai SME100 |
Vitavision Medical Supplies |
Trading |
Healthcare (hospitals, clinics, pharmacies, labs) |
|
Dubai SME100 |
W S I NET POWER |
Services |
Other |
|
Dubai SME100 |
Wilson Learning FZ LLC |
Services |
Professional Services – management consulting, advertising etc |
|
Dubai SME100 |
WMS Metal industries llc |
Manufacturing |
Fabricated Metal & equipment |
|
Dubai SME100 |
XPERTLEARNING |
Services |
Other |
|
Dubai SME100 |
ZAMS INTERNATIONAL FZCO |
Trading |
Food and Beverage |
Contact: Deirdre M. Coyle, Jr
Turkish #: +90 534 072 98 31
Email: dcoylejr@allworldlive.com
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