March 31 2009:
Dubai
The 5th Young Entrepreneurs Competition (YEC), launched annually by Mohammed bin Rashid Establishment for Young Business Leaders (MBRE), will commence today at the Dubai Mall. The real life business environment will showcase innovative products from high school students in the UAE.

The four day exhibition that commences today is the final part of the "Young Entrepreneur Competition” (YEC). The event is aimed at creating a simple entrepreneurial environment for UAE high school students to compete in a ‘real life’ business scenario and to inspire the UAE’s youth to become leading entrepreneurs in the future. Participating students from governmental and private high schools will have the chance to learn the basics and strategies needed to build a successful business model in a heavily competitive market.

Commenting on the competition, Abdul Baset Al Janahi, CEO of Mohammed Bin Rashid Establishment said:
“Year after year, we increase our efforts to give UAE youth the opportunity to be creative and showcase their ideas to the public. In this year’s edition we are looking for well planned business ideas, creative and innovative products and strategically demonstrated marketing tactics.”

The winner of the competition will be announced on April 4th by a highly qualified judge panel, which comprises of members from the Ministry of Education, MBRE, Dubai Knowledge and Human Development Authority.

Mr. Al Janahi concluded by saying:
“The Young Entrepreneur Competition has become an annual event for creativity and excellence that targets high school students. This year we have seen a significant shift in the number of applicants and have been overwhelmed with the response and the quality of the applications submitted.”