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Revealed: Winners of the Gulf Business Awards 2023


The awards celebrated luminaries from across the region’s business ecosystem. The GCC countries are punching above their weight economically and the region is somewhat insulated from the global ‘rocky recovery’, marked by high inflation, elevated interest rates and a slowdown in the world’s two largest economies – China and the US.

Despite projections that growth in the GCC will stall in 2023 before picking up again to 3.6 and 3.7 per cent in 2024 and 2025, respectively, the story of companies and industries across the region is one of resilience, adaptability, and forward-thinking strategies. Through diversification, technological innovation, and a commitment to sustainability, the GCC has not merely weathered the storm but has emerged as a dynamic force in the global economic landscape.


In a dazzling display of glamour and achievement, the 11th edition of the Gulf Business Awards unfolded as a celebration of excellence, bringing together industry leaders, luminaries, and trailblazers under one resplendent roof.


The Gulf Business 2023 Awards attracted the best of the region’s business and C-suite community.


The awards gala, which was held at Palazzo Versace Dubai on Tuesday, November 28, 2023, recognised companies and captains of industries across different sectors including energy, tourism and hospitality, aviation and transport, real estate, banking, healthcare and retail.


More than 250 business leaders and C-suite level executives attended the Gulf Business awards ceremony, where distinguished individuals and companies were lauded for their contributions to innovation, growth, and positive impact on both the local and global stages.


The coveted Lifetime Achievement Award for 2023 was conferred to Emirati billionaire Hussain Sajwani, the chairman of Dubai-based luxury real estate developer Damac Properties. Founded in 1982, the property developer has grown exponentially over the years and has already dipped its toes into the residential market in London, Florida and the Maldives.


Furthermore, this year’s Business Excellence Awards recognised institutions and individuals who made a mark last year and impacted the region’s business ecosystem in a meaningful way.


Winners of the Gulf Business Awards 2023


Ian Fairservice, managing director and group editor-in-chief of Motivate Media Group congratulated the regional business community and the captains of industries on their success and the role they are playing in driving growth. “For more than 25 years, Gulf Business has stood witness to the amazing transformation of the Gulf region, particularly the UAE. We have cheered every milestone as it morphed from a vast desert expanse into a powerhouse of economic growth and innovation,” he said.


Award winners were chosen by a judging panel of respected industry luminaries, including Anthony Milne, chief commercial officer – Motivate Media Group, Helen Barrett, deputy chair – British Business Group Dubai and Northern Emirates, and partner – CBD Corporate Services, Ian Fairservice, managing partner and proup editor-in-chief of Motivate Media Group and Robin Joffe, partner-managing director, Frost & Sullivan Middle East, Africa, and South Asia (MEASA) operations.


Well-known TV and radio personality Tom Urquhart was the MC of the Gulf Business Awards 2023.


The award ceremony was hosted by Gulf Business and Motivate Media Group and sponsored by Century Financial, associate sponsor – Yardi and activation sponsor – Warehouse Gym. Event partners included Super Angels Summit 2023, vote processing partner – Jacobsons, Palazzo Versace Dubai for venue and Palazzo Versace Hospitality for F&B, African and Eastern, and Matrix Public Relations for PR.


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