Dubai, Sep 27th, 2007 (WAM): In another historic global initiative, H.H. Sheikh Mohammed bin Rashid Al Maktoum Vice President, Prime Minister and Ruler of Dubai has given directives to institute an international award under the name 'Mohammed bin Rashid Al Maktoum Award for Innovation'.

The Award aims to acknowledge excellent modalities for effective and innovative solutions for problems on the global level, to reward the originators of these solutions and to encourage the adoption of these modalities in a way that the changes brought about by them will ultimately lead to the improvement of efficiency and competence in governance.

On this occasion, Sheikh Mohammed reiterated his keenness and optimism that that Award will not only acknowledge the best innovative practices around the world, but also will propagate the culture of such practices among all sections of the human society.

Sheikh Mohammed stressed the importance of setting up work environment and the need for each person concentrating on continuous innovation in quest of the best. This, he said, will pave way for attaining higher standards in performance and achievement.

Sheikh Mohammed said that award and the global benefits it brings in will perfectly go in tune with his vision which focuses on improvement of social and economic conditions for the entire humanity.

The proposal for setting up an Award for innovation was presented to Sheikh Mohammed bin Rashid by Jawher Rizvi of Harvard University, Minister of State for Finance and Industry Dr. Mohammed Khalfan Kharbash and Minister of Education Dr. Hanif Hassan.