AGFUND International Prize for Pioneering Human Development Projects was established in 1999 by the Arab Gulf Programme for Development (AGFUND), with the aim of inciting and encouraging innovation and creativity in the areas of human development. The idea of the Prize was stemmed from AGFUND’s approach to enhance development performance and support key development projects in order to achieve the goal of sustainability and investment in people.
In this sense, AGFUND Prize is considered to be the first initiative of its kind to identify successful development projects, reward them and disseminate their innovative ideas to best contribute to the improvement of development work. It is also an innovative approach and a strategic instrument to exchange successful experiences to strengthen the mechanisms of development cooperation and project funding with special emphasis on the most prominent factors that militate against development and affect the vulnerable groups, particularly women and children in developing countries. These include poverty, social exclusion, socio-economic marginalization, education and health.