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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