Al-Youm: Prince Abdulaziz bin Abdullah sponsors the distribution of International award ceremony for Entrepreneurship

Al-Youm: Prince Abdulaziz bin Abdullah sponsors the distribution of International award ceremony for Entrepreneurship

His Royal Highness Prince Abdulaziz bin Abdullah bin Abdulaziz, Deputy Foreign Minister, and Chairman of the Board of Trustees of the Centennial Fund grants the Prince Abdulaziz bin Abdullah Global Award for Entrepreneurship for the winners in its second ceremony in the next month of November. The event is being held in the presence of a large number of local, Gulf and global economic figures. His highness will give the award to the winners in six branches and also will give the “Leading Entrepreneurship person of 2014” award to Professor Muhammad Younis, a Nobel Peace Prize winne and owner of Grameen bank.

In a statement today, the general manager of the Centennial Fund and the General Secretary of Prince Abdulaziz bin Abdullah Global Award for Entrepreneurship, Dr. Abdulaziz Al-Mutairi announced that the Prize Committee decided to award the prize of the best leading figure of 2014 to Professor Muhammad Yunus.

He explained that the award to Professor Muhammad Younis came after his notable efforts in highlighting the culture of entrepreneurship. He also stressed on the fact that the Prince Abdulaziz bin Abdullah Award is the first on the global level to honor outstanding entrepreneurs and serves as a pilot program to encourage entrepreneurship. The event is held and designed to celebrate, appreciate and reward the owners of pilot projects in Saudi Arabia and the world.

Al-Mutairi expressed his appreciation and thanked His Highness the President of the Board of Trustees of the Centennial Fund for sponsoring the event and for supporting the entrepreneurial youth to achieve their ambitions. He added that the award has become a stimulating and encouraging element in the entrepreneurial society especially in valuing and honoring the young men and women as owners of goals. Thus it became well-respected and appreciated by all.

He added that the number of nominations made by entrepreneurs reached about 600 candidates from 42 countries and the total value of prizes in all categories amounted to a million riyals. He stressed the importance of the role played by the International jury, where they chose winning candidates according to a studied and preapproved plan by the award secretariat.

He explained that the winning projects are subjected to the assessment of the jury, which is composed of neutral experienced people in the field of projects inside and outside the of Kingdom.

He added that another event handling guidance in entrepreneurship will be held in its third season after having achieved a distinctive successes in establishing voluntary work in entrepreneurship.

It is worth mentioning that the Entrepreneurship Award for the second edition includes six different categories based on innovation and creative thought. These include Best Action Plan, the award for the best idea of the project, the award for best leading and the award of the best mentor and guide.