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Monday, November 30 - 2009

Artists from Mena, South Asia can now apply for Abraaj Capital Art Prize 2010

  • United Arab Emirates: Sunday, March 15 - 2009 at 13:04
  • PRESS RELEASE

Artists from around the Middle East, North Africa and South Asia (MENASA) have until the end of next month to submit applications for the second Abraaj Capital Art Prize in 2010, an award that aims to highlight the region's diverse culture and heritage by bringing together local artists and international curators.

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  • The work by Kutluc Ataman, a recipient of the Abraaj Capital Art Prize 2009.
    The work by Kutluc Ataman, a recipient of the Abraaj Capital Art Prize 2009.
For the 2009 Abraaj Capital Art Prize, which will be unveiled in Dubai on Tuesday, almost 100 artists covering every country in MENASA applied for the three winning places.

The award will enable each of the three winning artists from the MENASA region to create hitherto unrealized art projects in collaboration with their curator. These winning projects will be unveiled at Art Dubai 2010, with further opportunities for the projects to be exhibited on the international stage as well as be included in the Abraaj Capital Corporate Collection.

Savita Apte, Chair of the Abraaj Capital Art Prize, said:
"Following the overwhelming response to the first-ever Abraaj Capital Art Prize, it's clear that we have set a precedent by recognizing the importance of the artist and curator working together in collaboration from the very early stages of a project. Last year we received almost 100 applications representing artists from every country in the MENASA region in collaboration with curators from all over the world, and we're expecting a significant increase for 2010 as a further testament to the void this prize has filled."


This art prize creates a unique opportunity for international curators from any country to work with artists from the MENASA region. Unlike other art prizes, the Abraaj Capital Art Prize is awarded not on the basis of an exhibition, nor on the basis of a work of art that has already been produced, but for a project proposal and its latent potential. Designed to raise awareness of innovative and experimental work, the Abraaj Capital Art Prize encourages collaborative relationships for both artists and curators to produce work that is dynamic and cutting edge.

Frederic Sicre, Executive Director, Abraaj Capital, said:
"The Abraaj Capital Art Prize is an unprecedented opportunity developed to elevate artists from the MENASA region onto a more global stage. This prize aims to support the burgeoning creative community for which this region is fast becoming internationally recognised."


Abraaj Capital, the premier investment firm specializing in private equity investment in the Middle East, North Africa and South Asia (MENASA) region, pioneered the art prize in partnership with Art Dubai in order to foster and reward artistic development in its core markets.
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Notes and media contacts

Criteria to participate in the Abraaj Capital Art Prize:

* Interested applicants must come from the MENASA region.

* Applications may only be submitted by curators and must be signed by both participants, and must be received no later than 5:00pm on 30 April 2009.

* Curators may come from any nationality and age bracket, and may submit a proposal for collaboration with an artist from the MENASA region.

* Curators must submit a biography, curriculum of past exhibitions and three written articles.

* Curators must submit a short essay on the work of the artist they are collaborating with in the competition.

* Applications should be submitted at Art Dubai website.

About Abraaj Capital:

Abraaj Capital is one of the largest private equity groups in the Middle East, North Africa and South Asia (MENASA). Since its inception in 2002, it has raised about $7bn for its funds, and made more than 35 investments across eleven countries. Based in Dubai, Abraaj operates offices in five countries, including Saudi Arabia, Egypt and Turkey. More than 150 world-class professionals work at Abraaj from 27 different nationalities. Abraaj's holdings include some of the region's most prominent companies, such as Air Arabia, the region's largest low-cost carrier; Acibadem Healthcare Group, Turkey's biggest privately owned operator of premium hospitals; and Al Borg Laboratory, the Middle East's biggest medical laboratory-testing company. Abraaj has won several international awards, and is a four-time winner of PEI's 'Middle Eastern Private Equity Firm of the Year'. Abraaj operates five funds, and has distributed about $3bn to investors from 20 exits, where it generated superior returns from the value it added. Abraaj Capital Ltd. is licensed by the Dubai Financial Services Authority, which operates according to international regulatory standards.

Media contacts for Abraaj Capital Art Prize

Courtney Stuart
The Portsmouth Group
+9714 369 3575

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