Entrepreneurs play a major role in the socio-economic growth and stability of all societies. Their work is important because entrepreneurs are the most effective weapons in the struggle to counter unemployment and create work opportunities. Furthermore, entrepreneurs are the incubators of innovation and a primary factor in the prosperity of major projects. Consequently, the importance of supporting and encouraging the entrepreneurial spirit and raising awareness of this dynamic culture cannot be overstated.
The Custodian of the Two Holy Mosques has paid a great deal of attention to entrepreneurs as of late, supporting the entrepreneurial vision and strategy, garnering support from top Saudi economists. As a result, myriad conferences, forums, and workshops have been conducted, seeking to further support this basic constituent of the economy and create an atmosphere conducive to the growth and development of small and medium sized (SME) projects.
His Highness has several initiatives that address both the youth and entrepreneurs, and The Centennial Fund (TCF) is one of the most important of these initiatives, actualizing the Custodian of the Two Holy Mosques’ vision in cultivating this area. TCF plays a distinguished role in supporting the youth and qualifying them to be prominent entrepreneurs through a comprehensive bundle of policies, support programs, and initiatives that motivate the creation of a business environment that supports SME projects while providing for close and regular follow up and evaluation of these policies, programs, and initiatives. TCF is also a pioneer in the propagation of the free work culture, the initiation and innovation culture, and the encouragement of ambition for the benefit and development of society.
Based on our deep belief in the importance of entrepreneurs and their significant role in the advancement of societies, TCF has launched an initiative to present an international award for entrepreneurs, to recognize owners of distinguished projects and creative ideas, in addition to the distinguished mentors who have significant roles in the support and success of entrepreneurs. TCF has developed regulations and processes that ensure the application of the best international criteria for nomination and selection.
Finally, we shall strive diligently to ensure that the award achieves its objectives, just as we exert our utmost effort to serve and develop the local and global society.
HRH Prince Abdulaziz Bin Abdullah
Deputy Minister of Foreign Affairs
Chairman of The Centennial Fund