“Representatives of various organizations, media professionals and civil society leaders from different countries will participate in the ceremony,”AGFUND announced on Wednesday.

A periodic meeting of the Prize Committee will be held on Nov. 30, AGFUND said. “The prize is an extension of our approach in concentrating developmental performance and supporting the cornerstones of development in order to realize the target of sustainability and investment in man,” it added.

Since it was launched, the number of projects nominated for the prize has reached 899 from 130 countries. During its first 10 years, 34 pioneering and innovative projects have won the prize, which covers 23 developmental subjects in the fields of poverty, education, health, training, development of early childhood, water and agriculture.

“The prize is an innovative and creative means of developmental assistance and financing projects. It is the first initiative ever to motivate developmental contributions, pinpoint successful models and disseminate creative ideas to support excellent efforts aiming to develop concepts and dimensions of sustainable human development and introducing a breakthrough in developmental work based on scientific grounds which assist in achieving its  objectives,” AGFUND said.