Bahrain company Designer Shaik has scooped a major international award for entrepreneurship.
The prize is a first for Bahrain’s commercial sector–marking a key milestone.
Designer Shaik has won the “Best Existing Project Prize” in the Prince AbdulAziz bin Abdullah Global Entrepreneurship Award.
The award is a first in the world of commerce and marks an important milestone in recognising outstanding entrepreneurs from across the globe.
This prize is awarded to those who have unique and creative ideas for which Designer Shaik is globally recognised.
The prizes consist of six main categories.
The Best Leading Figure Prize was awarded to Nobel Peace Prize laureate Dr. Muhammad Yunus.
The Best Existing Project Prize was awarded to Mohammed Al Asfoor, noted Bahraini businessman and entrepreneur who is the brainchild behind the House of Designer Shaik.
the categories included Best Business Plan Prize, Major global award for Designer Shaik Best Project Idea Prize, Best Female Mentor Prize and Best Male Mentor Prize.
Successful candidates were presented with these awards in a glittering ceremony hosted by the Centennial Fund at the Ritz- Carlton in Riyadh.
Some 600 participants from 42 countries submitted their entries which were evaluated using universally recognised criteria.
The event coincided with the launch of the first world conference on Entrepreneurship, and was sponsored by the Centennial Fund, Al Dabbagh, Shell, Accenture, YBI and Intel, mong others.
The knowledge that Mr. AlAsfoor has gathered over the years from his extensive travels has been the driving force behind the Designer Shaik empire.
The passion Mr Al Asfoor has for the Designer Shaik brand is evident in the cutting edge research and development programme that he subscribes to, which in turn is reflected in the spectacular growth of this truly outstanding fashion house.
Designer Shaik has been the recipient of many awards since its inception in 2002.
However, the significance of this award cannot be underestimated in that it is, without a doubt, not only a lasting tribute to a remarkable man whose innovation and business model
have been a resounding success, but is also an inspiration for future generations of entrepreneurs
to follow in Mr. AlAsfoor’s footsteps.
The sheer artistry and uniqueness sets the brand apart from any other and there is no doubt about the international appeal which is reflected in the continued exponential growth across the globe. Applauded by royalty, heads of state, celebrities and world media, Designer Shaik has a presence in more than 50 countries with more than 800 points of sale, reaching many far-flung destinations and transcending all cultures.
From jewel-encrusted flacons filled with incredible perfumes to beautifully crafted watches, Designer Shaik continues with his dazzling visions for the future.
The long-awaited launch of Designer Shaik’s first luxurious timepiece, the ‘Astro Duo Quartz’ collection, is due in December.
The unisex timepieces will be available in six different finishes.
A ‘first’ for the Middle East, the final prototype masterpiece has already been presented to His Majesty King Hamad and received his endorsement.
As part of Designer Shaik’s expansion programme Mr. AlAsfoor is founding a Creative Talent Village to promote and educate future generations in business and commerce, and to establish stronger routes to the luxury fashion retail industry in the Middle East and North Africa region.
There will be studios and workshops equipped with leading edge technology, not only to further develop the brand but also to provide opportunities for young entrepreneurs and budding artisans.