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Arab Youth Startup Marketplace

Sheikh Hamdan Launched a New Initiative and It's Just For Young Arab Entrepreneurs

A three-day long event launched in Dubai on Tuesday, and Sheikh Hamdan was there to introduce the first-of-its-kind initiative.

Called the Arab Youth Center (AYC), the program aims to enhance "the young Arab population's contribution to sustainable economy," The National reports. The program will bring young entrepeneurs and investors together, giving Arab youth an opportunity to pitch their businesses. UAE-based private equity house Abraaj Capital and venture capital firm Wamda Capital are among potential investors.

Sheikh Hamdan opened the center on Tuesday, and was accompanied by Sheikh Maktoum.

In a series of Tweets, Sheikh Hamdan wrote about the value of youth in the Arab world.

"Youth are our real asset; they help us drive innovation and development and our ability to face future challenges," he wrote. "Supporting youth in the Arab World and giving them hope helps pave the way for a prosperous future for the region."

It's been a busy week for the young royal: prior to inaugurating the Arab Youth Center, Sheikh Hamdan announced the launch of the Dubai Fitness Challenge. The 30-day long challenge will begin on October 20, and asks residents of the city to commit to 30 minutes of physical activity per day.

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