ARABIA500 GDP GREATER THAN 80 COUNTRIES

posted on Nov 29, 2011

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
Em-ployees

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