KSA: Envoys discuss real estate issues in Muslim countries

The Real Estate Union of Islamic States (REUIS) with the cooperation of the Organization for Islamic Cooperation (OIC) led the Muslim Countries Prospectus Forum 2015 in Jeddah recently.
The forum was attended by a number of Muslim country ambassadors in the Kingdom, ambassadors of REUIS member states and its representatives from the OIC, real estate investors as well as those concerned with real estate issues in Islamic countries in general.
The REUIS is an international non-profit organization for economic development where governmental and private sectors engage with real estate ventures from all Islamic countries to develop their societies and develop their businesses nation-wide.
While welcoming the guests and attendees of the forum, REUIS Board of Founders Chairman Dr. Mohammed Yahyah Mufarreh said the forum was organized to let the OIC member countries and those who are interested in real estate get to know the vision and mission of REUIS.
REUIS was found in December 2013 with the aim of increasing the urban development in OIC States, launching initiatives that support the local and national economies of governments, to strengthen relations, to exchanging experiences, establish partnerships and in order to contribute to launching infrastructure, reconstruction and new housing projects in the real estate sector, thus creating new investment opportunities for OIC members.
Ambassador Dya-eddine Bamakhrama, the chairman of the Ambassadors Council at REUIS, thanked Dr. Yahya for his efforts in establishing an Ambassadors’ consul in Jeddah, and for the idea of creating a Real Estate Federation between Islamic countries.
He praised the concept of establishing this union, and spoke the acceptance of his country to host the Headquarters, out of its commitment to support the Real Estate investment in Islamic countries.
Ambassador of Somalia, Abdirazak Siyad Abdi, also explained that the Agreement signed by his country with the Union is a hard-earned achievement that must be earned by other member states.