The S.S. Lootah Group was awarded the ‘Mohammed Bin Rashid Award for Young Business Leaders’ for Best Private Entity Support to the Government Procurement Program under the Mohammed Bin Rashid Establishment for SME Development (MBRE). The Awards ceremony was held under the patronage of H.H Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai and H.H. Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of MBRE, who presented the award to Eng. Yahya Lootah, Vice Chairman-CEO of S.S. Lootah Group.
The distinguished awards program, now in its fifth edition is the first ever in the United Arab Emirates aimed at creating a competitive environment amongst the young entrepreneurs of the UAE and the Arab countries. The program also recognizes those individuals and organizations who have aided in the development of the entrepreneurs in the UAE.
On accepting the award, Eng. Yahya Lootah praised the vision of H.H Sheikh Mohammed bin Rashid Al Maktoum and said, “The great success achieved by the MBRE in motivating youth entrepreneurship and innovation in the UAE is commendable. As a leading national company, we believe it is our responsibility to cultivate the entrepreneurial spirit among UAE nationals in-line with the vision of our leadership and will continue to support the SME sector.” He further praised the members of the Hamdan Bin Mohammed Bin Rashid Program for their involvement in new areas of professional merit.
S.S. Lootah Group has been supporting the MBRE through a high portion of its purchases from the members of the program in addition to offering advice in areas of business like finance and administration. The Group recently signed a second deal crossing AED 1 million with an MBRE member in the past year.