The Mohammed Bin Rashid Establishment for Small '&' Medium Size Enterprises Development (MBRE), is set to announce winners of the Mohammed Bin Rashid Award for Young Business Leaders, the first of its kind in the Arab nation next Monday. The announcement follows sorting out of applications. The event will be organised under the patronage of Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum. The award aims to create a competitive environment among entrepreneurs in the U.A.E. and the Arab World. It also honours individuals and organisations in recognition of their contribution to the development of SME sectors in the country.