The Red Herring 100 award highlight the exciting startups from Asia, Europe and the Americas. Hundreds of companies from each region are reviewed in a rigorous 3-step process that looks at all aspects of the company.
Java Gulf was the only Saudi firm to be featured on the top 100 list of most promising and emerging companies, from among 700 companies that participated in the forum “Red Herring Asia 2012”, held in Hong Kong in last October.
Since 1996, technology industry executives, investors, and strategists have valued the Red Herring 100 lists as an instrument for discovering and advocating the most promising private ventures from around the world.
Chairman of Java Gulf, Dr. Salah Al Radadi said that recognition is a huge achievement for the Saudi business sector which is currently witnessing a remarkable development within the economic renaissance and the rapid growth of the Saudi economy. He added that this rating reflects the magnitude of the evolution of business qualifications of young Saudis, especially in the sector of investment in the information technology.