RICS, MOJ Sign Pact to Regulate Realty Market

Ministry of Justice (MOJ), and the Royal Institution of Chartered Surveyors (RICS), have signed a Memorandum of Understanding (MoU) to improve market transparency and investor confidence, by regulating the realty sector in accordance with international standards, and to provide competency-based training to the public to support the professional development of the sector.

The signing of this agreement supports MOJ’s efforts to organize and develop the real estate market in Qatar and to benefit from the advanced professional, technical and ethical standards promoted by RICS.

The agreement provides for co-operation in several areas, including the enhancement of investor confidence to encourage foreign direct investment through the promotion and enforcement of laws and regulations related to real estate and the built environment.

Source: Government of Qatar