The annual awards were launched by His Royal Highness Prince Abdulaziz bin Abdullah bin Abdulaziz as an initiative of The Centennial Fund, under the supervision of the Advisory Council. The aim of the program is to encourage entrepreneurial projects and celebrate the owners of such projects in the Kingdom through commendations and awards.
The total prize value is one million Saudi riyals (equivalent to $270,000). In addition, the award covers all the expenses of all the winners coming from all over the world to Saudi Arabia to collect their respective prizes.
Our vision is to be recognized as the leading international award for motivating entrepreneurs and to provide inspiration for initiation and innovation.
Our mission is to encourage entrepreneurial innovation by infusing ingenuity into projects that support socio-economic development, recognizing the excellence of the entrepreneurs’ work and awarding them prizes in accordance with the highest international standards.