As part of its efforts to regulate the real estate valuation profession and raise the performance of practitioners, the Saudi Commission for Certified Valuers (Taqeem), in cooperation with the Royal Institute of Chartered Surveyors (RICS), launched yesterday, Sunday 21/12/1436, a training course on expropriation of real estate for public benefit and temporary seizure of real estate, which will last for two weeks in Riyadh.
According to the plan set for the training programs, it will be held several times during this year and next year, with the aim of targeting a specific segment of those who are interested in participating in the expropriation committees for public benefit and temporary seizure of the property, knowing that this course will be one of the basic requirements for experienced members of the committees.
About the importance of the training courses in this subject, it is important to note that the course will be one of the basic requirements for the members of the committees. <On the importance of these courses and the necessity of holding them and disseminating their programs by the competent authorities, Mr. Issam Al Mubarak, Secretary General of the Saudi Commission for Accredited Valuers (Taqeem) said: “The expropriation processes for public benefit in the Kingdom are the largest of their kind in the world, due to the presence of huge infrastructure projects in the country, which prompts us in Taqeem to coordinate and organize a set of training courses that are consistent with these processes and make its affiliates and trainees able to identify the best international practices in the profession of valuation for expropriation purposes and its application according to international valuation standards.”
Mr. Essam Al Mubarak, Secretary General of the Saudi Commission for Accredited Valuers (Taqeem), said. Mr. Al Mubarak also pointed out that this course aims to provide a comprehensive understanding of the system of expropriation of real estate for public benefit and temporary seizure of real estate in the Kingdom and its application, and benefit from the best international expertise and successful experiences in valuation and expropriation practices in global markets, and this program will be delivered by experts from the Kingdom and trainers from RICS.
In order to facilitate the delivery of this program. In order to facilitate the registration processes for this and other courses, the Saudi Commission for Certified Valuers (Taqeem) has launched a special website for registering for courses, exams and all events organized by the Commission, through the e-value services, which works as a window for the electronic services provided and developed by the Commission and allows those wishing to benefit from its services to create their own files.
After that, the Saudi Commission for Certified Valuers (Taqeem) has launched a new website to facilitate the registration process. <It is worth mentioning that after the emergence of the urgent need to upgrade the valuation profession in the Kingdom, and the issuance of the Certified Valuers Law by Royal Decree No. (M/43) dated 9/7/1433 H, which defines the valuation process as the process of determining the fair value of real estate, economic facilities, or equipment and property of various types, for a specific purpose The Saudi Commission for Accredited Valuers (Taqeem) started its work with the aim of elevating the valuation profession to the level of prestigious professions such as medicine, engineering, etc. by setting the necessary standards for the valuation of real estate, economic facilities, equipment, movable property, etc.
