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Saturday, December 5 - 2009

Mohammed bin Rashid Al Maktoum Foundation announces two winners of Sawaed Programme for 2009

  • United Arab Emirates: Monday, May 18 - 2009 at 14:33
  • PRESS RELEASE

The Mohammed bin Rashid Al Maktoum Foundation today announced the names of two companies as the proud recipients of the Sawaed non-refundable grant for the year 2009.

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  • Sultan Lootah, Vice-President for Mohammed bin Rashid Al Maktoum Foundation.
    Sultan Lootah, Vice-President for Mohammed bin Rashid Al Maktoum Foundation.
Ideas Company for Information Technology in Bahrain, a regional leader in software development and IT solutions; Hindawi Publishing Corporation of Egypt, leaders in electronic publishing, have been selected as the two winners.

The Sawaed Programme seeks to support and develop the capabilities of talented entrepreneurs across the Arab World by awarding non-refundable grants to regional projects that make a positive contribution to the region's growth.

In July 2008, the Sawaed Programme invited the private sector to develop innovative products and ideas that improve the development of the Arab World through ICT by creating and providing access to high quality online Arabic content, and developing technology resources that support education and learning for the promotion of Arab culture. The last date for submitting the application for the year ended on 12 October, 2008.

Sultan Lootah, Vice-President for Mohammed bin Rashid Al Maktoum Foundation - Entrepreneurship and Employment sector, said: "The two winners of the Sawaed programme this year will set a new trend in entrepreneurship in the region. At a time when jobs are getting scarce, they will generate employment through fostering ideas and knowledge, the pillar of a knowledge based economy.

"We are proud to be supporting such start-ups that are so well-run and well managed. We believe the companies concur with our vision of developing a knowledge-based society. In addition, this initiative will support willing entrepreneurs to make a significant impact in the region through innovation and active engagement in the market place and the community."


The Sawaed Programme is a novel opportunity for businesses to develop commercially sustainable enterprises, while addressing development challenges of the Arab World.

To be eligible for the Sawaed Programme, bidders must complete a two-stage application process that includes the submission of a brief 'Concept Note', which will be reviewed by the assessment panel, and if selected, a company will be invited to complete a full application form. The assessment panel that includes private sector representatives eventually select the winning proposals.
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Notes and media contacts

About Sawaed
The purpose of the challenge fund launched in June 2008 is to stimulate private enterprises in the creation of innovative, commercially replicable forms of information and knowledge sharing, for application in the Arab World, using ICT as a platform.

This Challenge Fund - through the successful implementation of projects - will contribute to well educated and informed people throughout the Arab World, to knowledge creation, employment and the promotion and preservation of Arabic culture and heritage. Specifically the fund aims to:Increase high quality Arabic online content, Improve access to knowledge and information on ICT platforms, Develop ICT-based resources that support education and learning (particularly in leadership and development), Promote Arab culture through the use of ICT, and Create commercially viable, innovative and potentially replicable ICT-based products and services

The Sawaed Programme is open to organisations registered in any one of the 22 Arab League countries: KSA, Egypt, UAE, Algeria, Kuwait, Morocco, Libya, Qatar, Oman, Tunisia, Sudan, Syria, Lebanon, Yemen, Bahrain, Jordan, Mauritania, Comoros Islands, Iraq, Somalia, Palestine and Djibouti. At this stage, other countries are not part of the Sawaed Programme. At this stage, other countries are not part of the Sawaed Programme.

About Mohammed Bin Rashid Al Maktoum Foundation:
The Mohammed bin Rashid Al Maktoum Foundation was founded on the personal initiative of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, with an endowment worth $10bn.

The Foundation was announced by His Highness Sheikh Mohammed at the World Economic Forum on the Middle East held at the Dead Sea, Jordan, in May 2007. Through three strategic sectors of Culture, Knowledge and Education, as well as Entrepreneurship and Employment, the Foundation seeks to develop knowledge and human capabilities in the Arab world. The Foundation's three underlying principles are; Building the region's human capital with a pool of knowledgeable and talented individuals; Offering better opportunities for the region's younger generation to acquire knowledge and secure a better future; and Promoting leadership qualities among the younger generation to enhance their living standards.

For further information please contact:

Sultan Al Jesmi
Mohammed Bin Rashid Al Maktoum Foundation
Tel: +971 4 4233 472

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