MANAMA: One of the world's leading professional services companies will be holding the Middle East Entrepreneur of the Year Award in the UAE early next year.
The inaugural session of the event is due to be held on February 23 at Dubai's Mina A'Salam Hotel.
Ernst & Young's Entrepreneur of the Year Award has been running for more than 20 years.
Nominations are currently being accepted from entrepreneurs in the region and the deadline for filing applications is October 27.
"The Ernst & Young Entrepreneur of the Year Programme honours exactly what its name implies - the entrepreneur," Ernst & Young Middle East chairman Ahmed Al Aiban said.
"Winning this prestigious business award means that you are at the top of your game.
"Celebrating entrepreneurs and the business they build and grow has always been a priority for Ernst & Young.
"This has been particularly evident for the past two decades in other regions through the Ernst & Young Entrepreneur of the Year Programme and we see no reason why the Middle East business leaders shouldn't benefit from the same recognition as the rest of the world's entrepreneurs."
The programme recognises individuals who put everything on the line in order to translate an idea into a viable and sustainable enterprise. Although there is only one overall winner, there are awards also given for entrepreneurs in sectors including chemical, energy, corporate, social responsibility and others.
As an added bonus the prize for the overall winner will be that he will be entered as a candidate for the global 'Entrepreneur of the Year Award', and will be sent to all expenses paid trip to Monte Carlo for the global award ceremony, which is to be held in June next year.
"We have already received several applications from Bahrain. We are looking forward to receiving more nominations from eligible businessmen," The Entrepreneur of the Year Award co-ordinator in Bahrain Tom Gilbert said.
"I expect a minimum of five nominations from Bahrain and 40 to 50 candidates from the entire Middle East."
Nominees will be assessed on their level of vision, leadership, track record in achievement, financial performance, national impact, global impact, personal integrity and innovation.
"I'm confident that this scheme to recognise entrepreneurs in the Middle East will make a big difference to the region. This is the right place for the entrepreneurial spirit," Mr Gilbert said.