Medina-Amlak
The Chamber of Commerce and Industry in Medina organized a lecture on the basics of real estate valuation, in the presence of Vice Chairman of the Board of Directors Abdulsalam Al-Zarouk, Secretary General of the Chamber Mohammed Al-Sharif and a number of members of the Board of Directors.
The real estate expert and trainer Abdulaziz Ahmed Al-Azab addressed a number of elements related to valuation as a key pillar in the real estate industry, pointing out that it has become a necessity in light of the growth of real estate and overlapping activities until it became an industry closely related to mortgage, financing and valuation, which has gained great importance in light of recent developments supporting the field of real estate, housing and financing.

The importance of valuation
The meeting witnessed many interventions on the mechanisms and importance of real estate valuation and the specificity of both Makkah and Medina, stressing the importance of establishing a real estate exchange that governs valuation mechanisms, supply and demand.

The Chairman of the Real Estate Committee at the Medina Chamber, Ghazi Qutb, had started the meeting, noting that Medina enjoys a competitive advantage that motivates it to always be creative in the field of reconstruction and the real estate industry as a city whose demand for land ownership remains a permanent feature, which makes it in urgent need to legalize dealing according to a charter and fixed assets in the sale and purchase operations, indicating that a sector of this size and presence finds interest from the Chamber in order to establish a knowledge role in the real estate industry, which has become a science with its own assets and contents, especially since the Chamber represented by the Real Estate Committee had the honor of pioneering the formation of a committee for real estate valuation.
It is worth mentioning that the Medina Chamber has prepared a full program within the activities of Medina Capital of Culture in 2013, which included 7 different events between lectures, forums, exhibitions and seminars throughout the year, where it organizes a lecture on corporate governance in cooperation with the Council of Saudi Chambers and holds a lecture on the most important economic developments in the Islamic world, then holds the first investment forum in small and medium enterprises in Medina in cooperation with the General Authority for Tourism and Antiquities and the Municipality of Medina Region and the exhibition of craft and handicraft industries and meeting investment opportunities in the mining industries in the Medina region R.
. An ambitious plan for the Authority
The Board of Directors of the Saudi Authority for Certified Valuers (SACV), in its first meeting chaired by the Minister of Commerce and Industry, Chairman of the Board of Directors of SACV, Dr. Tawfiq Al-Rabiah, approved the Authority's work plan for the current year 2013, which included the program of drafting national standards for all branches of valuation, guided by international standards, practices and professional conduct in use globally.

The Board decided to take a number of measures to accelerate the implementation of a program to qualify qualified trainers to teach the evaluation profession, prepare curricula and implement programs and courses to teach the evaluation profession, the Authority's fellowship program, and programs for continuous professional development. The Board reviewed the measures taken to build a website for the Authority that provides a database for assessors and helps the Authority to provide its electronic services to its customers.


The Council reviewed the reality of the appraisal profession and the appropriate means to achieve the objectives of the system of certified appraisers, setting the necessary controls and standards for the appraisal of real estate, economic facilities, equipment and movable and immovable property, developing the appraisal profession, raising the level of performance of its employees, and ensuring their commitment to the behavior and ethics of the profession and its technical standards that the Authority works to issue, and the Council assigned the Executive Committee the technical tasks of setting national evaluation standards, rules, ethics and conduct of the profession and control, the task of preparing training programs for trainers in specialized international institutes and proposing curriculums and tools for the appraisal profession. The Board and its tasks
It is noteworthy that the Board of Directors of the Saudi Board of Certified Valuers is chaired by His Excellency Dr. Tawfiq Al-Rabiah, Minister of Industry and Commerce, and includes the membership of representatives of the Ministries of Municipal and Rural Affairs, Ministry of Finance, Ministry of Higher Education, a representative of the Council of Saudi Chambers of Commerce and Industry and private sector representatives as follows:
1- Sheikh Fahad bin Jarallah Al-Jarallah, Undersecretary of the Ministry of Justice for Notarial Affairs. 2- Engineer Zayed bin Ali Al-Juma'a, Assistant Undersecretary for Municipal and Rural Affairs. 3- Mr. Hamoud bin Ibrahim Al-Nuzha, Administrative Advisor to His Excellency the Minister of Finance. 4- Dr. Nasser bin Mohammed Al-Saadoun, representing the Ministry of Higher Education. 5- Mr. Mohammed bin Yaslam Babahar representing the Council of Saudi Chambers of Commerce and Industry.6- Dr. Ahmed bin Abdullah Al-Maghamis, Secretary General of the Saudi Organization for Certified Public Accountants.7- Mr. Sulaiman bin Abdulrahman Al-Qwaiz, Assistant Chief Executive Officer of Riyad Bank.
8- Mr. Nasser bin Mohammed Al Subaey, CEO of Al Subaey Group.
9- Mr. Saad bin Mohammed Al-Tuwaim, Managing Director of Tasmeen Company.
10 - Mr. Abdulkarim bin Mohammed Abanmi, CEO of Barcode.
11- Mr. Abdulaziz bin Mohammed Al-Qasim, the legal and legal advisor.
The Board of Directors of the Saudi Board of Certified Valuers is responsible for reviewing and developing appraisal standards, codes of conduct, professional performance quality control programs, and adopting the organizational structure, bylaws, rules of the fellowship certificate examination, and rules of continuing professional education programs. The Board will work to develop the appraisal profession and raise the level of workers in the branches of appraisal (real estate, economic facilities, equipment and movable property), and develop appropriate procedures for field control to ensure that those who practice the profession of certified appraiser apply the standards of the appraisal profession in the scientific methods recognized internationally.