The award, which is open to individuals, teams, universities and companies from around the world, also offers 1 million dirhams for the winner at the national level.
The winners will be honoured at a ceremony in February 2016 before the fourth Government Summit.
The award in its first edition attracted more than 800 participants from 57 countries. A collision resistant drone by Swiss team Flyability won the USD 1 million prize in the International Competition.
"The second edition of the award will promote it as a global platform for innovative ideas by facilitating the participation of the main players and organising brainstorming sessions in partnership with universities and research centers locally and globally," said Saif Al Aleeli, Coordinator General of the Award.
The award aims to encourage innovation in the civilian application of drones technology and promote the development of legal frameworks in this area.