Dubai Crown Prince raises prize money of HBM Award for Innovation in Project Management to AED2.6 million

Mon 05-02-2018 18:35 PM

DUBAI, 5th February, 2018 (WAM) — H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued directives to raise the purse and add more categories to the Hamdan bin Mohammed Award for Innovation in Project Management, HBM Award for Innovation in Project Management, starting from the second edition of the award.

The step follows the huge success and overwhelming global participation in the inaugural edition of the Award.


Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA cum Chairman of the Board of Trustees of the HBM Award for Innovation in Project Management, expressed immense gratitude to H.H. Sheikh Hamdan bin Mohammed for the generous support of the Award. “This Award is tailored to identifying, rewarding, showcasing and empowering innovation in project management through adopting innovative techniques in project management. It seeks to set up databases for the best practices and business models in project management, and create a platform for sharing innovative concepts in project management,” commented Al Tayer.

“The Board of Trustees of the Award has endorsed a 29 percent increase in the prize money of the award to bring it to as much as AED2.6 million, or US$710,000, in total. It has also endorsed the addition of Academic Category comprising two awards for research in innovative project management practices and innovative use of project management practices. The purpose of this new award is to engage students, academics and researchers in this field. Winners of the award will be honoured during the 5th Dubai International Project Management Forum scheduled in December 2018,” he explained.

Al Tayer announced the registration of nominations for the 2nd HBM Award through the website will open from 5th February to 30th June 2018.

WAM/Nour Salman/MOHD AAMIR

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