Abha, Saudi Arabia — The Abha Chamber of Commerce held a focused event to advance valuation profession support and enhance market standards.
In partnership with the Saudi Authority for Accredited Valuers, the forum brought together experts to discuss the property valuation sector. They explored how regulatory improvements and international benchmarks can help raise quality and build trust across the real estate industry.
Moreover, attendees emphasized the role of licensed valuers in Saudi Arabia. These professionals are key to establishing transparency and reliable pricing in both real estate and investment markets. As a result, enhancing their capabilities directly contributes to broader economic stability.
Elevating Standards Through Training
Faisal bin Badr Al-Mandeel, CEO of the Saudi Authority for Accredited Valuers, highlighted efforts to professionalize the sector. He noted that valuation profession support is being strengthened through updated standards, certification programs, and skill-based development tracks.
In addition, Al-Mandeel stressed that valuation career development is essential to reinforcing trust in market transactions. Real estate assessment standards, he explained, are not just technical tools—they are foundational to investor confidence and accurate reporting.
Furthermore, the event emphasized that the property valuation sector is becoming a key pillar in Saudi Arabia’s economic framework. By focusing on training, licensing, and cooperation with regulatory bodies, stakeholders aim to build a more credible and future-ready profession.
Ultimately, this initiative reflects a broader strategy to align valuation practices with Vision 2030 goals. The momentum behind these reforms signals lasting support for the Kingdom’s evolving investment ecosystem.
