The Real Estate Development Agency at the Ministry of Housing issued the “Real Estate Developers Evaluation Standards Guide”, which sets professional standards for evaluating real estate developers, including financial, technical, organizational, marketing and legal capabilities, with the aim of raising the capabilities of developers and enhancing the development of the sector.

These standards contribute to providing an attractive competitive environment for the sector, helping to reduce project risks by ensuring the capabilities of developers to implement and complete them, in addition to motivating investors in the real estate development sector and landowners to partner better with real estate developers due to the existence of clear evaluation foundations and standards that help them make the appropriate investment decision.

For his part, the General Supervisor of the Real Estate Development Agency at the Ministry of Housing, Eng. Mazen Al-Dawoud, explained that the evaluation standards for real estate developers are an important step to clarify the incentives for partnership with the Ministry of Housing, noting that they were developed by experts and specialists and the best expertise houses were consulted to prepare and implement them, to include technical, financial and other aspects, stressing that the agency intends to implement these standards experimentally for a period of one year; To familiarize real estate developers with it so that it can be fully implemented, as the guide can be viewed by entering the developers' library in the "Etmam" system for those who have previously registered in the system at the link https://etmam-services.housing.gov.sa.

Al-Dawoud pointed out that the impact that the agency aims to achieve through the evaluation criteria is to help real estate developers find an objective assessment of their capabilities and identify strengths to maintain and enhance them, and weaknesses that can be improved, as well as helping financing agencies to establish an objective evaluation mechanism for the real estate developer in a way that contributes to enhancing trust between the two parties, indicating that this will be reflected in the quality of projects, raising performance, and creating a competitive environment with new horizons for the real estate development sector by establishing the basics of quality for developers, encouraging them, raising their capabilities, and investing better opportunities for projects in general and off-plan sales projects in particular.