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CNBCArabia
  • 12/10/2023

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News
Transcript
00:00 The announcement was made about the choice of Riyadh as a regional headquarters for the
00:04 General Trust of the International Union of Real Estate.
00:07 This indicates that the Saudi Arabian Kingdom has a very high position on the global economic
00:13 map, especially in the real estate sector, if we take the top.
00:18 The announcement was made during the summit about the establishment of an international
00:23 unified real estate media center and the Riyadh headquarters.
00:26 This is a very important issue, especially in the media sector.
00:31 The announcement was also made about the establishment of a unified platform for
00:35 the international real estate indicators, and the Union will work on linking it to all
00:39 the countries in the world.
00:41 We are talking about more than 70 countries worldwide that will be linked to this platform.
00:45 This platform will have a very big impact on the availability of data, on its accuracy,
00:49 and on its credibility.
00:51 The announcement was also made during the summit about the establishment of an official
00:56 Arabic language in the International Union of Real Estate.
00:59 This will have a very big impact on the level of knowledge and the level of benefit from
01:04 the experiences and practices in many countries worldwide.
01:07 This is one of the things that we are proud of in the Saudi Arabian Kingdom, that we
01:11 were able to establish this language in the International Union of Real Estate as an
01:14 official language.
01:15 Another very important thing that was announced during the summit was the initiative of
01:21 the University of Oxford to establish professional certificates in the field of real estate.
01:25 This will improve the quality of work for the practitioners in the development of real
01:29 estate and in the industry in general.
01:31 In addition, all the initiatives that we have today at the summit are in line with our
01:36 goals in the strategic development of the real estate sector, and also with the goals of
01:40 2030 vision.
01:41 Therefore, the summit today, with its conclusions, is a valuable addition to the Saudi real
01:46 estate sector.
01:47 The goals and objectives of the strategic development of the Saudi Arabian real estate
01:52 sector, one of the most important is to improve the quality of real estate transactions,
01:56 protect the rights of the contractors in the real estate sector, increase credibility,
02:00 increase the attractiveness of investment, improve the quality of the practitioners in
02:04 the real estate sector, and other goals that are in line with the governance of the real
02:08 estate sector in general.