Just Falafel is No.1 in Dubai's SME rankings
Fast food success story Just Falafel has enhanced its already memorable year by being revealed as the number one business in the 2013 Dubai SME 100 rankings.
The company jumped from its previous position of 49, and was announced as the top SME at a ceremony at the Dubai World Trade Centre which was attended by Shaikh Majid Bin Mohammad Bin Rashid Al Maktoum, Chairman of Dubai Culture and Arts Authority, as well as top government officials and some of the emirate’s finest entrepreneurs and SME owners.
Just Falafel was praised for its international orientation and strategic plan for global exposure. The company has more than 500 franchises worldwide, from the US to Australia.
More than 3,000 SMEs applied for the list, all of which were evaluated on innovation, human capital development, international orientation and corporate governance.
The net combined turnover of the 100 that made the list is more than AED4.5bn, with the total net output of the applicants estimated to be AED53.3bn, with a total value-add of AED16.2bn, based on industry averages.
Second place in the ranking went to WAVETEC, with Index Holding coming third. The rest of the top ten is made up by Dubai Desert Extreme, Elcome Group, Dimara International, Al Jaber Optical, Merlin Digital, Biz-group, and Hira Industries.
Of the top 100, 26 are in the service industry, 60 in trading, and fourteen the manufacturing business.