By: Mohamed Idris
Riyadh – Mubasher: Without the real estate valuation, the real estate mortgage system would have no efficiency, Saudi Minister of Housing, Majed Bin Abdullah Al Hogail, said.
Al Hogail added, on the sidelines of the Reality and Future of Business Valuation in KSA conference, that the valuation will help in attracting investments internally and externally, along the government’s tendency to implement a legal environment and investment atmosphere to preserve all parties’ rights.
The minister assured that KSA is keen on enhancing the performance of the real estate sector and raising its contribution in the domestic product through forming the leasing market, which will be implemented soon.
Everybody is anticipating the formation of the real estate national authority to be a monitory and regulatory instrument for the sector in general, the minister mentioned.
Translated by: Sara Ghali
