In recognition of his pioneering leadership within the media broadcasting industry in the Arab world, MBC Group Chairman, Waleed bin Ibrahim Al Ibrahim was named Innovator of the Year at ITP's 8th annual Arabian Business Awards held in Abu Dhabi.

Commenting on the award, Al Ibrahim highlighted the value of recognizing the dedicated efforts made to shape the media landscape in the Arab world, particularly in an era of globalization and close interaction with international counterparts. With the region in the spotlight - politically, economically and socially - the Arab world has attracted top-rated international broadcasting companies to the region.

'With an increasing number of media cities being developed throughout the Middle East, our challenge is continue fostering Arab talent and investing in the content industry, particularly in TV production, music, Art, software development and international film studios. We will continue to move the boundaries and lead the way, exploring new formats, new platforms and new materials to help in developing our societies and elevating our standing globally.'

Al Ibrahim concluded: 'This award goes to each and everyone at MBC Group as much as it recognizes all the talented and creative Arab individuals who continuously contribute the innovative ideas that help raise the bar within our industry, and enrich people's lives.'