O2 Network, the conglomerate of marketing communications, was recently named among the Arabia Fast Growth 500 list, announced by AllWorld Network at a major entrepreneurs event in Istanbul.

O2 Network was recognised for this award at the Global Summit on Entrepreneurship as a result of the vast growth in sales and operations it witnessed between 2008 and 2010, crossing 25 per cent.

Mohammed Johmani, founder and CEO of the O2 Network received the award and expressed his gratitude to the organizers and to the Network’s employees and executive staff.

“It is a privilege for O2 Network to be selected among the Arabia growth 500 list and this is a true testament for the efforts of the employees and their endless ambition to generate further growth every year,” said Johmani.

“We have seen a growth in marketing consultancy, public relations, branding, and social media services in the markets we are active in and we expect even more growth in 2012.”

The list included companies from UAE, Saudi Arabia, Qatar, and Bahrain in addition to companies from Turkey and Pakistan. The companies represent a range of industries from tourism to transportation, film to finance, education to ecommerce.

The majority of the applicant companies are approximately five years old, and the majority of the entrepreneurs plan to establish another company in the next two years.

AllWorld Network was established in 2007 by Deirdre Coyle, Anne Habiby and Harvard Business School Professor Michael Porter, after many years of promoting entrepreneurship in the developed and developing worlds.

AllWorld is a for-profit organization with a mission to find and scale all the growth entrepreneurs of the emerging world, creating the largest information system and network of growth entrepreneurs. – TradeArabia News Service