As part of the integration and cooperation process between the Ministry of Commerce and Industry and the Saudi Commission for Certified Valuers (Taqeem), Dr. Fahad Abu Hamed, Undersecretary of the Ministry of Commerce and Industry for Systems and Regulations Affairs and Chairman of the Registration Committee of Certified Valuers in the Register, said that the Ministry, in its efforts with the Commission to develop the valuation profession and raise it to the ranks of the prestigious consulting professions in the Kingdom, the Registration Committee in the Ministry of Commerce and Industry approved the licensing of thirty-five establishments to practice the profession of real estate valuation.

Dr. Abu Hamed added that the licensing of these establishments was approved after they completed the registration conditions and statutory requirements to obtain an establishment license. Dr. Abu Hameed added that these establishments were licensed after they completed the registration conditions and statutory requirements to obtain a license, and that work is underway to issue licenses for the second batch of establishments that requested a license to open a facility to practice the real estate valuation profession, submitted all the requirements for acceptance, and met all the conditions required in the system, and His Excellency expects that the number of licensees will reach 80 establishments by the end of the current year, God willing.

The Undersecretary of the Ministry of Commerce and Industry stressed that the number of licensees will reach 80 establishments by the end of the current year. The Undersecretary of the Ministry of Commerce and Industry for Systems and Regulations Affairs emphasized that the Ministry continues to work with the Saudi Commission for Certified Valuers to implement its strategy approved by its Board of Directors to achieve the objectives of the Commission to develop the valuation profession in the Kingdom and improve the performance of its employees.