The Abdlatif Y. Al-Hamad Development Award in the Arab World

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Brief Biography of Mr. Abdlatif Y. Al-Hamad

The name Abdlatif Y. Al-Hamad has become synonymous with joint Arab development and economic efforts. As the previous Director General/Chairman of the Board of Directors of the Arab Fund, he was one of the leading pioneers of his generation in this area over the last six decades. His remarkable record has placed him in the forefront as one of the founders of Arab economic development
As one of Kuwait’s most dedicated men, Mr. Al-Hamad is a leader in local and Arab development work, the chair and member of the board of several national and international financial institutions, and the main founder in the establishment of several Joint Arab Development institutions. His successful career extends over several decades.
The Arab Fund’s generous, tireless, and faithful efforts were not deterred by unforeseen circumstances. The Fund began to attract Arabs who are experienced and competent in the field of economic and social development. Human resources and its development are the most important component, which are the most important element and the foundation of The Fund’s noble efforts to the dawning of a new Arab day.

Over the past six decades, Mr. Al-Hamad has acquired extensive experience and a rich diverse background through operating in the public domain, with particular emphasis on development activities. This was achieved through his leadership of the Kuwait Fund for Arab Economic Development during the period 1963 – 1982, his tenure as the Minister of Finance and Planning, in Kuwait, during the period 1981 – 1983 and his role as the Director General/Chairman of the Board of Directors of the Arab Fund during the period 1985 – 2020.

The development projects that Mr. Al-Hamad oversaw, both at the Kuwait Fund and the Arab Fund, significantly contributed to raising the standard of living for millions of individuals in the Arab World, as they included large scale projects in the infrastructure, water and electricity networks, energy, land ports, communications, agriculture, irrigation, rural development, industry and mining sectors, as well as other sectors.

Mr. Al-Hamad is considered to have his own school of thought, which is not limiting financing to projects and building structures, but extending it to include human development through policies and programs to support and encourage Arab pioneers and entrepreneurs in various fields, including research, cultural and technical fields, given that they represent the ultimate goal and the main means for development.

Several Kings, Heads of States, and heads of institutions, in the Arab World, have bestowed upon Mr. Al-Hamad their highest awards and medals of distinction. He has also been awarded honorary Ph.D. degrees from regional and international educational organizations, and several regional development organizations have been named in his honor.

Amongst Mr. Al-Hamad’s long list of achievements, is his supervision of the construction of the Arab Organizations’ HQ building. He collected several paintings and objects from Arab artists and artisans, along with rare and ancient artifacts which hold significant historic value, and displayed them throughout the building creating an important cultural and artistic landmark.

The Abdlatif Y. Al-Hamad Development Award in the Arab World

The Award is given to the best economic and social development project in the Arab world, either partially or fully funded by a member of the Arab Coordination Group, while giving priority to joint Arab projects.

The Arab Fund’s Vision with respect to the Award

To promote, distinguish and highlight successful development projects that have either led to solving existing problems, or contributed to enhancing the economic and social capacities in the Arab World, while also bringing awareness to such projects, in order to make them an inspiration to promote creativity, better management, more efficient construction and maximization of expected benefits of projects.

The Award aims at:

Components of the Award

To watch a video explaining why the name of Mr. Al Hamad was given to the award, and to know more details about it, watch the below video.

The Award will be given to the best development project in the Arab World, associated with members of the Arab Coordination Group, and in accordance with the following requirements:

The selection of the winning project is based on the following selection criteria:

a- Pre-construction Services (20%)
b- Project Delivery (25%)
c- Project Impact (40%)
d- Other Criteria (15%)

Applying for the Award

Member Institutions of the Arab Coordination Group, that are interested in nominating projects for the Award, should fill out an Application Form. One form should be completed per nominated project.
In order to facilitate filling out the Application Form, member institutions can access the Project Selection Criteria.

Timetable

The following timeframe illustrates the various steps in the application for the Award, and the time needed by the Arab fund to review the applications and determine the winning project, in preparation for declaring the winning project(s) during the Annual meetings of the Governors of the Arab Fund.

Mid of June - Mid of November

Sending project nominations by the institutions of the Arab Coordination Group

Read MoreNov 09, 2017

Mid of November – December

Review of nominated projects and completing of missing information, by the Awards Technical Committee

Read MoreNov 09, 2017

Starting January Until The Beginning of March

Project Evaluation by Award Judging Committee

Read MoreNov 09, 2017

March

Endorsement of Winning Project, by the Director General of the Arab Fund, based on the Award Judging Committees’ nomination, and then Announcing the Winning Project

Read MoreNov 09, 2017

Frequency of the Award and its Announcement

Selecting the Winning Projects

Selecting the Winning Project

2023

Bahr El-Baqar Wastewater Treatment Plant

Read MoreJune 25, 2024

2022

South Helwan Power Generating Project

Read MoreJune 25, 2024
South Helwan Power Generating Project
date-icon2022

The Arab Fund selected the South Helwan Power Generating Project, in the Arab Republic of Egypt, as the winner of the Abdlatif Y. Al-Hamad Development Award in the Arab world for the year 2022. The announcement was made during Annual Meetings of the Board of Governors of the Arab Funds that was held in Rabat, the Kingdom of Morocco, on Saturday April 29th, 2023.

 

The Award ceremony included showing a video describing the nature of the Award, a video about the winning project, along with a speech by the Director General / Chairman of the Board of Directors of the Arab Fund, a speech by the Director General of the OPEC Fund for International Development, the institution that nominated the project, a speech by the Chairman of the Board of the Upper Egypt Generating Company, the company that executed the project, along with a speech by the Chairman of the Board of (PGESCO), the consulting firm that prepared the tender documents for the project and oversaw its execution.

 

It is to be noted that six Arab Funds sent nominations for twelve projects, and that an independent, and highly respected, panel composed of three distinguished members having extensive knowledge in development selected the South Helwan Power generating Project for winning the 2022 version of the Award.

 

The winning project was selected based on several attributes, most notably the size of the project (1.95 GW), the fact that 7 financial institutions and banks contributed towards its cost (around $1.5 Billion), the project created over 4,500 job opportunities, that it covers around 7% of the overall demand for electric energy on the Egyptian network, and that it was completed on time and came in at 45% below budget.

 

To watch a video explaining why the name of Mr. Al Hamad was given to the award, and to know more details about it, watch the below video.