The world’s largest strategy and management competition, the UAE Global Management Challenge, announced today that it has entered into partnership with Dubai International Academic City (DIAC), the world’s only free zone dedicated to higher education.
“We support education in all its forms and look forward to seeing students and corporates gain knowledge,” said Ibrahim Moosa Jamel, Director of Operations, Education Cluster – TECOM Investments. “The competition is a great platform not only to enhance education but for students and corporates to network,” added Ibrahim.
The Challenge consists of a management simulation in which teams of three to five people, comprising university students and corporates, are given complete control of a virtual company with the objective of obtaining the highest investment performance for its shareholders. Competitors analyse financial and economic indicators, expand their views on corporate strategy, interact with functional areas of a company, and gain an in-depth understanding of the market conditions in which their companies compete.
“This is an important partnership for us and we are excited to have DIAC on board,” said Mian Muneer Uddin, Managing Partner of Beaufort Associates, the consulting and advisory services firm that introduced the Global Management Challenge to the UAE.
The Challenge was officially launched in September this year and is aligned with the UAE’s vision of Emiratisation. The competition encourages both professionals and students to participate with a special track for UAE nationals currently under review.
The winning team or ‘UAE Champion’ will then compete with counterparts from several countries for the world championship title to be held in Sochi, Russia, in April 2014.