MEED Awards recognise private firms that are advancing national agendas

28 November 2019
Dubai Duty Free, Acwa Power and Dulsco among prestigious companies leading the way in driving diversification

MEED has revealed the private sector companies that are leading the way in advancing regional agendas for people, diversification, society and sustainability at the 2019 MEED Awards.

Regional governments are now increasingly focused on bridging the gap between the private and public sector, and moving away from oil-reliant economies. The MEED Awards aim to recognise companies that are strategic and innovative, contribute to achieving government visions, and are making a real impact. The awards acknowledge efforts to embrace macro trends including disruptive technologies, introducing sustainability initiatives and working practices that boost the development and efficiency of human capital.

In its third edition, the 2019 MEED Awards recognised Dubai Duty Free, Acwa Power and Dulsco among the winners, all of whom were celebrated for their impact and contribution to driving economic diversification across the UAE and wider GCC region.

“We extend our congratulations to all the companies that have won their respective titles at the MEED Awards 2019," says MEED group commercial director Sonia Kerrigan. "Each of our winners demonstrated to our judges that they are having an impact on the region, adding real value, and are critical in supporting economic diversification goals.  Our winners are setting benchmarks for human capital management, sustainability, economic diversification and contributing to society. We are honoured to have been supported by an unrivalled cohort of judges who lent their expertise to the selection of winners as part of the robust and independently audited process.”

A total of 60 companies were shortlisted as finalists in 16 categories across all industries.

The complete list of winners includes:


Tangram Gulf is a multi-disciplinary firm, offering a broad range of initiatives that include urban design, architecture, interiors and landscape architecture across the region. It offers these services through a host of technological advancements in architectural design.

  • Bank/Financial Institution of the Year – Bank Nizwa


Bank Nizwa is the first bank in Oman to offer Islamic finance, and provides an entire portfolio of commercial banking services. With digital banking now becoming a reality, Bank Nizwa has made efforts to integrate its offline and online services.

  • Business Innovation of the Year Award presented by Acwa Power – CDE


CDE designs and manufactures wet processing plants and builds technology to transform the mining, waste and recycling and environmental sectors.


Khatib & Alami is an urban planning, architectural and engineering consulting company catering to clients across the region.

Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors including hydrocarbons, infrastructure, power, process industries and defence.


Acwa Power is a developer, investor, co-owner and operator of a portfolio of power generation, renewable energy and desalinated water production plants.

Dr Remo’s entrepreneurial spirit and innovative methods have enabled the growth of her business across geographies, culminated in satisfied customers and contributed to the region’s sustainable development goals.

Bourn Hall Fertility Clinic, the leading fertility centre in Dubai, focuses on providing advanced solutions to IVF and advises on the necessary requirements for family planning.

Clyde & Co is a global law firm with a focus on five core sectors: insurance, energy, trade and commodities, infrastructure and transport.


Tristar is a global business, head-quartered in Dubai, which transports, stores and supplies liquid fuels to blue-chip clients including international and national oil companies and international NGOs.

(Michael Schmidt, senior vice-president, pictured receiving award)

Under McLoughlin's impactful leadership strategy and people-focused management culture, Dubai Duty Free has become a retailing giant with annual sales turnover of $2.015bn in 2018, cementing its status as one of the largest travel retail operators in the world in terms of turnover.

  • Manufacturer/Supplier of the Year – Dulsco


Dulsco provides advanced solutions that make communities more productive, efficient, sustainable and better to live in.


Sterling & Wilson is the sub continent's largest MEP and EPC business today.

  • Rising Star of the Year – Mohamed Attari, Acwa Power

Attari’s remarkable track record of leading significant projects in challenging markets has driven the diversification of the energy sector towards renewable and sustainable technologies, positively impacting the surrounding communities by creating job opportunities with a localisation index of 60 per cent.

  • Technology Company of the Year – EDX Labs


EDX Labs is a movement towards innovation through technology with the mission to convert visionary ideas into reality.

The 2019 MEED Awards were supported by Acwa Power, the official power and water partner; Parsons, the official strategic construction partner; and Grant Thornton, the official audit partner.

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