THE LEVANT WINNERS OF THE ARABIA FAST GROWTH 500: Jordan leading as a hub for entrepreneurs

posted on Dec 03, 2011

Istanbul, Turkey, 2 December 2011…AllWorld Network today announced the Levant winners from Jordan, Lebanon, Syria and Palestine of the Arabia500+Turkey. The Arabia500 is a ranking of the fastest growing young companies in the Middle East and North Africa (MENA) region, Turkey and Pakistan.   In the Levant, Jordan took first place with 27 fast growth company winners, followed by Lebanon with 14 winners, Palestine with two winners, and one winner from Syria.  Overall, Jordan was fourth on the Arabia500, competing against the much larger economies of Turkey, Pakistan, UAE and Saudi Arabia.

Click here to read the full information on the Levant Arabia500 winners.

The Levant winners exemplify a new breed of dynamic and resilient young companies who have overcome the odds, showing the world the growth potential, creativity, and marketability of the region as it establishes its new regional and global footing. These companies are solving the region’s greatest problems - growth, job creation and economic diversification - in new and innovative ways.

AllWorld was co-founded by Harvard Business School Professor Michael E. Porter, Deirdre M. Coyle, Jr., and Anne Habiby to bring visibility to growing companies in emerging markets to increase their odds of success. Any private, non-listed, company with rapid sales growth and an ability to demonstrate results with audited financial statements was invited to apply to the Arabia500.

Each entrepreneur on the Arabia500 ranking has grown an average of 40 percent annually between 2008 and 2010, created an average of 200 jobs per company, and they are succeeding in industries from web technology to food, and construction to consulting.  An average of only 42 years old, nearly all of the entrepreneurs plan to establish another company in the next two years. 

From the Levant, Jordan took the top four places with Millennium Energy Industries growing at 702 percent between the period 2008 and 2010,  JValley Software Solutions with growth of 637 percent, INISIGHT Business Solutions with growth of 364%, and Jeeran with growth of 284%.  The next two winners were from Lebanon, Semsom Restaurant with growth of 218% and Lebanese Credit Insurer growing at 201% percent.  Lebanon had the highest percentage of women on an Arabia500 country ranking with Semsom Restaurant taking first place and Firehorse taking third place.  Profiles of the winning companies are available on the link below.

“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 the consulting firm Monitor Group.  Many partners in the Levant reached out to companies to invite them to apply, and BDC of Jordan took the lead in reaching out to companies throughout Jordan.

The Levant winners are in Istanbul for the 2nd Global Summit on Entrepreneurship, December 3-5.  They will meet with Arabia500 winners from 11 other countries and will be recognized by Turkish Prime Minister Erdogan and US Vice President Biden. During the summit companies can take advantage of three days of networking with AllWorld’s Capital Partners Arcapita, RED/Abraaj, Eastgate Group, NCB Capital, and Cyan Limited.

Given the challenging circumstances in Palestine and Syria, Souktel and MENA Geothermal of Palestine and Tamkine Consulting of Syria deserve special recognition. These companies have overcome ongoing political unrest and oppression to create not only sustainable and successful companies, but a better future for the countries in which they live.

AllWorld is releasing a series of market insight reports on the Arabia500 to share their successes and make their stories visible.  Last week, AllWorld released Now, calling for a bold new economic agenda centered around the Arabia 500.  To learn about winners, please visit www.allworldlive.com.

Contact: Deirdre M. Coyle, Jr.
Turkish #: +90 534 072 98 31
Email: dcoylejr@allworldlive.com

Jordan Arabia500

 

Country Rank

Company Name

Industry

2008-2010 Standard Growth Rate

2010 Revenue Range ($)

2010
Em-ployees

1

 

Millennium Energy Industries

 

Alternative Energy

 

702%

10-50 Million

 

54

2

JValley Software Solutions

Software Services & Products

637%

1-5 Million

25

3

INSIGHT Business Solutions

Professional & Consulting Services

364%

1-5 Million

11

4

Jeeran

E-Commerce & Web Services

284%

1-5 Million

55

5

Better Business

Professional & Consulting Services

185%

0-1 Million

18

6

Sana Pharma

Health & HealthCare

184%

0-1 Million

13

7

Pharmacy 1

Health & HealthCare

126%

10-50 Million

396

8

Palma (Safwa Informatics)

Professional, Scientific & Tech Services

69%

1-5 Million

22

9

ChangeAgent for Arab Development and Education Reform (CADER)

Training & Education

61%

1-5 Million

117

10

Media Plus

E-Commerce & Web Services

56%

0-1 Million

20

11

Atlas Medical

Health & HealthCare

53%

1-5 Million

40

12

MENATECH

Software Services & Products

27%

1-5 Million

52

13

Golden Bird Food Industries

Food Industries

10%

1-5 Million

25

14

Savvytek

Software Services & Products

10%

1-5 Million

75

Start Up

Akhtaboot

Recruitment & Training

 

0-1 Million

41

Start Up

EcoHotels

Travel & Tourism

 

0-1 Million

22

Start Up

Gate2play

E-Commerce & Web Services

 

0-1 Million

16

Start Up

Keenwash

Water

 

0-1 Million

25

Start Up

ND Productions & Advertising

Art & Design

 

0-1 Million

4

Start Up

REACH 2.0

Software Services & Products

 

0-1 Million

2

Start Up

SADDA

Marketing & Events

 

0-1 Million

15

Start Up

Sketch in Motion

Software Services & Products

 

0-1 Million

9

Start Up

TEKLABZ - Technology Labs for Software Industry Ltd.

High-Tech & Telecommunications

 

0-1 Million

4

Start Up

Terra Vertis

Professional, Scientific & Tech Services

 

0-1 Million

12

CTW

Challenger Team

Recruitment & Training

 

0-1 Million

15

CTW

Information Technology Planet

E-commerce & web services

 

1-5 Million

30

CTW

TactiX Strategic Consulting

Public Relations, Media & Publishing

 

0-1 Million

8

 

Lebanon Arabia500

Country Rank

Company Name

Industry

2008-2010 Standard Growth Rate

2010 Revenue Range ($)

2010
Employees

 

1

 

Semsom Restaurant

 

Food Industries

 

218%

1-5 Million

 

120

2

Lebanese Credit Insurer SAL

Finance & Insurance

201%

1-5 Million

21

3

Firehorse

Public Relations, Media & Publishing

133%

1-5 Million

22

4

Sfeir Industries

Food Industries

83%

1-5 Million

55

5

Grey Matter SARL

Travel & Tourism

79%

1-5 Million

6

6

Print Works sal

Advertising & Marketing

74%

5-10 Million

126

7

Boisselier Safi

Manufacturing & Packaging

64%

0-1 Million

12

8

Tecmo sal

Construction & Engineering

37%

1-5 Million

51

9

Wooden Bakery sal

Food Industries

36%

10-50 Million

650

10

Born Interactive

High-Tech & Telecommunications

25%

1-5 Million

28

11

INTRAMURO

Construction & Engineering

22%

5-10 Million

46

12

A.N.Boukather SAL

Automotive

22%

10-50 Million

51

Start Up

e-EcoSolutions sarl

Environmental Services

 

0-1 Million

2

CTW

Cleartag

Advertising & Marketing

 

1-5 Million

50

 

 

 

 

 

 

 

Palestine Arabia500

Country Rank

Company Name

Industry

2008-2010 Standard Growth Rate

2010 Revenue Range ($)

2010
Employees

Start Up

 

MENA Geothermal Ground Energy and Investment

 

Alternative Energy

 

1-5 Million

11

Start Up

Souktel Inc.

Software Services & Products

 

0-1 Million

10

 

 

 

 

 


 

Syria Arabia500

Country Rank

Company Name

Industry

2008-2010 Standard Growth Rate

2010 Revenue Range ($)

2010
Employees


1


Tamkine Consulting


Professional & Consulting Services

109%

0-1 Million


10