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Ernst & Young presents 'Entrepreneurial Excellence Award' to Sheikh Ahmed Bin Saeed Al Maktoum
Source: BI-ME , Author: Posted by Bi-ME staff
Posted: Wed April 11, 2012 12:18 pm

UAE. Ernst & Young’s UAE Entrepreneur of the Year awards 2011 ceremony began with a special presentation of the Entrepreneurial Excellence Award to HH Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Aviation Authority, Chairman of the Emirates Airlines Group and Chairman, Dubai Airports, to celebrate his exemplary achievements.

Ashraf Abu-Sharkh, Partner and UAE Entrepreneur Of The Year Leader, Ernst & Young, said: “We are proud to present this award to Sheikh Ahmed, who has been at the forefront of Dubai’s remarkable economic development. The phenomenal growth of Dubai’s aviation industry under his leadership is testimony to Sheikh Ahmed’s grand vision and foresight. We believe that the success story of The Emirates Group is one of the best examples of entrepreneurship in the world.”

Farouk K. Toukan, Executive Partner, CICON, was named Ernst & Young’s UAE Entrepreneur Of The Year 2011 by an independent panel of judges. He was chosen from a group of nine finalists, each a dynamic and gifted regional business leader. The award was presented at a gala dinner held in Dubai under the Patronage of HH Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai.

Farouk K. Toukan was selected UAE Entrepreneur Of The Year 2011 by an independent panel of judges after an extensive process of evaluation, which included an analysis of the economic and social value added to the development of the UAE. The judging process was based on numerous criteria that included entrepreneurial spirit, financial performance, strategic direction, global impact and influence.

“We express our gratitude to HH Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, for providing his patronage to the UAE Entrepreneur Of The Year program. We congratulate Farouk on being named the 2011 UAE Entrepreneur Of The Year. This award is a testament to his innovation, personal effectiveness and integrity. He established CICON in Abu Dhabi in 1968.Since then, as one of the first suppliers of building materials to the construction industry, the company has held its pole position and evolved with the wider industry,” added Ashraf.

Farouk K. Toukan will join Entrepreneur Of The Year award winners from over 50 countries at a black-tie event at Monte Carlo in June 2011, where he will be inducted into the World Entrepreneur Of The Year Academy and will vie for the World Entrepreneur Of The Year award.

About Ernst & Young’s Entrepreneur Of The Year:

Ernst & Young’s Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement.

As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 140 cities in 50 countries and has been running for 25 years globally.

Prior winners include companies such as Amazon, eBay, Dell, Starbucks, Google and LinkedIn, and several of our EOY alumni were not identified as huge future successes at the time of winning the award.

This is the first UAE Entrepreneur Of The Year program and is run concurrently in Qatar, Oman and Jordan

In the past, MENA Entrepreneur of the Year programs were held in Dubai and Jordan. Previous winners include Sobhi Batterjee, President & CEO of Saudi German Hospitals Group and Samih Darwazah, Founder and Chairman of Hikma Pharmaceuticals PLC.

The globally renowned awards have had the patronage and been associated with royalty, state leaders and world’s biggest business leaders.

• Jordan – For the second time running, the awards were held under the patronage of HH. King Abdullah II. The ceremony was graced by ministers, senior government officials and diplomats.
• Qatar – The awards program was organized under the patronage of  H.E. Sheikh Jassim bin Abdulaziz Al Thani, Qatar’s Minister of Business and Trade
• Ireland - President of Ireland, Michael Higgins attended the awards night
• US – George W. Bush, former US President, spoke at the Strategic Growth Forum. The forum ended with the EoY awards ceremony. Michael Dell of Dell Computers also spoke at the event.
• South Africa – The South African Vice President Kgalema Motlanthe spoke at the Strategic Growth Forum which preceded the EoY awards in 2011.
• UK – Prince Charles addressed a televised speech at the Strategic Growth Forum which preceded the EoY awards in 2011
• Belgium – in 2010, the EoY award show was attended by the Prince of Belgium as well as many ministers. The event hosted more than 2,800 attendees.
• Norway - Mette-Marit, Norway’s Crown Princess presented the awards at the Norway EoY ceremony

About Ernst & Young Middle East:

The Middle East practice of Ernst & Young has been operating in the region since 1923.  For over 88 years, we have evolved to meet the legal and commercial developments of the region. Across the Middle East, we have over 4,200 people united across 20 offices and 15 Arab countries, sharing the same values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

For more information, please visit

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.



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