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Wed 4 Mar 2015 11:10 AM

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Dubai Chamber to host Young Entrepreneur Awards

Dubai Chamber of Commerce and Industry brings an award supported by Prince Charles to celebrate entrepreneurial success of young people to Dubai for the first time.

Dubai Chamber to host Young Entrepreneur Awards

Dubai Chamber of Commerce and Industry will host the first finals of the Young Entrepreneur Awards, an initiative of Prince Charles’s the Youth Business International (YBI) initiative.

The event, organised in partnership with Barclays, will take place on 10 March at the Park Hyatt hotel in Dubai.

Founded in 2000 by Prince Charles, Prince of Wales, to help young people start and grow their own businesses, the YBI’s awards will be held in the Middle East for the first time.

Speaking about the event, Andrew Devenport, chief executive of Youth Business International, said: “The young people being welcomed in Dubai as part of this event have overcome many hurdles to make the dream of starting their own business a reality.

“In doing so, not only have they made significant changes to improve their own lives, but their inspiring efforts are also having a meaningful social and economic impact in their local communities and beyond.”

The shortlisted entrepreneurs for the inaugural award finals come from Canada, Hong Kong and India.

Essa Al Zaabi, Senior Vice-President, Institutional Support Sector, Dubai Chamber, and General Coordinator of Tejar Dubai, added that the Dubai Chamber aims to offer professional support to commercially-minded youth to turn their business ideas into a reality while creating a culture of entrepreneurship in the country.

“Our joining hands with the Youth Business International is a step in that direction as this also goes on to reflect on Dubai's status as a leading global destination for enterprising businesses,” he said.

YBI helps young people aged 18-35 to start and grow their own business, and it has already supported over 100,000 young people to create their own business and generate employment.