Ducab receives prestigious Investment Corporation of Dubai Chairman's Award

Ducab received the award amongst six other semi-government companies at the inauguration ceremony of the Investment Corporation of Dubai (ICD) and the Investment Corporation of Dubai Chairman's Awards held at the Emirates Towers hotel.

Mr Ahmad Bin Hassan Al Shaikh, Ducab's Chairman, who received the award on behalf of the company said: "It is Ducab's mission to strongly contribute to the national economy of the UAE. This year we have exceeded our targets, which clearly demonstrate our dedication to investing and adding value to our industry on both local and regional levels." He thanked the ICD for the award in recognition of Ducab's progressive development and achievements.

Ducab was honoured with the ICD Chairman's Award for Outstanding Economic Value Creation in the Industrial Sector presented by His Excellency Lee Kuan Yew, Singapore's former Prime Minister, in the presence of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, other Sheikhs and high-ranking officials including Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Group, and Sheikh Ahmad bin Mohammed bin Rashid Al Maktoum.

The ICD Chairman's Award is the world's first initiative to recognize outstanding economic value creation and corporate excellence achieved through good governance. His Excellency Mohammed Al Shaibani, Director-General of HH the Ruler's Court and Executive Director and Chief Executive Officer of ICD, spoke on behalf of His Highness Sheikh Mohammed Bin Rashid Al Maktoum.

He said that companies in the UAE had to think of expansion and becoming present globally. With the current local strength and having strived for excellence over the past years, the next step is to succeed on a global level and for this reason the Investment Corporation of Dubai was formed. The aim of ICD is to bring together winning companies and best practices in corporate governance in order for Dubai to be seen as the new brand for excellence globally.