Eastern Biotech & Life Sciences, a leading healthcare biotechnology and diagnostic firm providing genetic testing services in Middle East, has been ranked 19 in an honour list of the top Dubai SME 100.

The first Dubai SME 100 ranking announcement yesterday (February 12) at Dubai World Trade Center was attended by guests and other dignitaries of Dubai Economic Department (DED).

"I congratulate the first batch of Dubai SME 100 companies who has demonstrated the willingness and capabilities to be evaluated under the Dubai SME 100 Model,” said Sami Al Qamzi, director general of DED.

“They have shown commendable performance and vision for growth and development."

Dubai SME 100 is a premier ranking of Dubai's 100 top performing SMEs, launched by the Mohammed Bin Rashid Establishment for SME Development (Dubai SME).

The Dubai SME 100 seeks to identify Dubai's top SMEs that are role models the Emirate can be proud of. More than just a ranking, the objective of Dubai SME 100 is to inspire willing and able SMEs that have the potential to be world-class enterprises - to invest in innovation and people - for sustained growth.

"Eastern Biotech is delighted to receive such a prestigious award as it recognizes our sharp focus on offering innovative products on genetic testing and genetic counseling,” said Dr Faruq M Badiuddin, chairman and CEO of Eastern Biotech & Life Sciences, established in 2005 at Dubiotech, Dubai Biotechnology Park.

“The award has without doubt inspired us to leverage our capabilities for further expansion of this sector and growth within the region.”

"2011 has been a highly rewarding year for us. During this year we were successful in receiving ISO accreditation for Quality and the Dubai SME recognition for Service Excellence. We now are in a position to extend our services and footprint to other Gulf countries,” he added.

“The expansion strategy is in an advanced state of planning and we hope to be completing implementation by the end of 2012," Dr Faruq concluded. – TradeArabia News Service