September 25, 2021

Dubai Week

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Deloitte launches competition for 50 fastest growing technology companies in the region

Deloitte launches competition for 50 fastest growing technology companies in the region

Dubai: “Gulf”

Deloitte Technology has introduced the Fast 50 program in the United Arab Emirates, Saudi Arabia, Bahrain, Qatar and Cyprus. The project is a competition to select the fastest growing and emerging technology companies in the public and private sectors and give these companies the opportunity to demonstrate their superiority and growth in various technology sectors. It is noteworthy that Deloitte first launched the project in North America in 1995 and later expanded to include technology companies in Europe, the Middle East, Africa and the Asia-Pacific region.
Through this annual competition, Deloitte aims to identify, rank and honor the fastest growing technology companies in the public and private sectors based on the revenue growth they have achieved over the past four years in all areas of technology such as telecommunications and environmental technology. Financial Technology, Device Technology, Health and Science. Life, Media, Entertainment and Software. The competition will look at the revenue generated by participating companies between 2017 and 2020, as it aims to determine the winning company. Will be accepted.
Commenting on the competition, David Stark, Head of Private Sector Services at Doloid Middle East, said: “The competition’s long-term success program in various countries has empowered recognized technology startups as winners and increased exposure opportunities. Enhancing the network and providing greater growth opportunities.

Creating a more sustainable future
Griagos Charlembidis, Head of High Growth Private Sector Companies in Deloitte Middle East, said: “The competition aims to showcase the depth and breadth of innovation in various technology sectors in the region by providing opportunities for many dynamic technology companies. , Will contribute to shaping the future economic base for development in various countries of the region.By launching this competition, Deloitte seeks to accelerate the growth of these technology companies in the region by creating a platform that connects emerging technology companies, investors and key technology companies, following the support provided by Deloitte to these key companies. Institutional for efforts to create a very strong and sustainable future for all countries within S support.
Eligibility to rank companies participating in the top 50 fastest growing companies is determined by meeting the following criteria:
Reached at least $ 50,000 annual revenue in 2017, 2018 and 2019, plus $ 250,000 in 2020.
Participating companies should be headquartered in the United Arab Emirates, Saudi Arabia, Qatar, Bahrain and Cyprus.
Developing or manufacturing privately owned software and technology equipment or investing large sums in research and development.
And participating companies have a franchise structure that does not include subsidiaries (subsidiaries) owned by strategic companies.
Submissions close on September 30, 2021, and the results of the competition will be announced in November 2021.

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