Best Existing Project

This prize is given to the best successful existing project continuously (not seasonally), and has the ability to make profits and turnover rates portability to grow and develop, it is available to all entrepreneurs in general. Award is dedicated to honoring the best selection and a small business or an existing medium-sized in any area of business; to be a legitimate non-seasonal and unable to continue growth and profitability. The project submitted for this award will be featured and available for the innovation element, to be the property of the candidate. If he was a partner in the project he must have a role in the management and operation.

Award Conditions

  1. Candidate should be 18 years of age or older.
  2. Meeting the general terms and conditions of the prize.
  3. The project must be successful financially and productively.
  4. The project must be existing and profitable.
  5. The project age must not exceed 8 years since the date of its creation and not less than 2 years.
  6. The working capital must not reach 15000 US dollar and not more than 3 million US dollar.
  7. The candidate must be project owner or partner and has a clear impact on his success.

Required Documents

  1. Feasibility study.
  2. Photos of the product and project from inside and a photo of outside site.
  3. Financial statement for the last 2 years.
  4. Sales volume for the last 2 years.
  5. Profits achieved for the last 2 years.
  6. A document of project property.
  7. Official licenses for the project.

General Conditions

  1. The nominee should be alive at the time of nomination.
  2. The nominee should comply with the Award conditions, and adhere to them.
  3. The nominee should complete the electronic participation form.
  4. The nominee should adhere to the schedule approved by the Award Secretariat.
  5. The nominee should provide the required information and facilitate the mission of the assessors during the personal interview.
  6. The nominee’s project should match the Award objectives, targets, programs, and instructions.
  7. The nominee should complete the nomination application clearly and submit it before the application deadline.
  8. The nominee should present all nomination documentation, including the form and the required attachments, in both Arabic and English.
  9. The nominee should adhere to the special conditions of the Award categories.
  10. The nominee should be aware that immoral projects will not be accepted.

General Terms

  1. Applications are accepted from a person himself, any concerned organizations, fund establishments, or entrepreneur mentors, according to the requirements and nature of each category of the Award categories.
  2. Award General Secretariat shall notify the applicant or provide him with any information through e-mail, telephone or any other means of communication given by the applicant; this shall be considered an official notification.
  3. Award winners shall not have the right to announce that they have won before the official announcement of the Award results.
  4. Applications other than the subjects defined by the Award, or that do not serve its objectives, shall not be considered.
  5. Any application missing the required attachments shall not be considered.
  6. The Award shall not be granted more than once to an applicant within (3) years.
  7. An applicant cannot participate in more than one Award category in the same cycle.
  8. No application or additions will be accepted once the nomination period is closed, All nomination applications received after the end-date will be rejected, and the participation thereof will be cancelled.
  9. Any of the Award categories can be blocked if there are no deserving applicants.
  10. The Award can add new areas or new categories to its scope.
  11. No objections to the decisions made by the Award Committee of Referees shall be entertained I read the agreement and I agree.