KUWAIT CITY, Sept 18: The Ministry of Commerce and Industry and the Institute of Banking Studies have signed a memorandum of understanding to launch the ‘Certified Real Estate Appraiser’ program to enhance the qualifications of professionals in the real estate appraisal field in Kuwait, reports Al-Seyassah daily. Ziad Al-Najem, Undersecretary of the Ministry, stated that the program aligns with the real estate appraisal standards set by the ministry. Its goal is to improve the professional competence of real estate appraisers and strengthen the strategic role of the appraisal profession following these standards.

The program was developed in collaboration with local real estate appraisal experts and incorporates the latest scientific and practical methodologies. Al-Najem emphasized the importance of real estate valuation not only within the real estate sector but also in the banking sector. Accurate property valuation supports informed investment decisions, whether for buying or selling properties and aids individuals seeking home ownership.

, it ensures transparency and accuracy in financial data disclosure by providing a clear picture of real estate value in company budgets. Rana Al-Nibari, Director General of the Institute, noted that the Certified Real Estate Appraiser Program (Level C) offers foundational knowledge of real estate and appraisal concepts. This program provides an excellent opportunity for individuals to learn the basic principles and structures of real estate valuation, thereby enhancing career prospects in the field.