Min of Rural Affairs, Housing Launches Etmaam Project

The Ministry of Municipal, Rural Affairs, and Housing has launched a significant project. This project introduces the “Etmaam” Center for Real Estate Developers Services.

Etmaam’s primary goal is to streamline real estate development. This will be achieved through a unified digital platform, significantly boosting the sector’s efficiency.

Center’s Independence, Responsibilities

Under new regulations, the center will function with independent legal and financial status. It will maintain an organizational link to the minister. The center’s responsibilities are diverse and crucial. They include facilitating both real estate and municipal services.

A key focus is empowering real estate developers. This involves simplifying their access to necessary accreditations and licenses.

The center will play a vital role in unifying efforts among various service entities. These include municipalities, governmental agencies, and providers of infrastructure and utilities. This coordination is intended to speed up service delivery while maintaining high quality.

The center will also offer vital reporting services. This includes providing information, analysis models, and future forecasts. All these services will align with regulations issued by a governing council.

Data Exchange, Technical Reviews

The center is set to become a hub for data exchange. It will register and gauge qualifications of practitioners in real estate development. This will involve both government and non-government entities. A specialized engineering team will conduct meticulous technical reviews.

These reviews will focus on plans for real estate development projects. The center aims to assist developers in meeting specific conditions and standards. It will provide technical proposals and offer consultative feasibility studies.

Determining the financial aspects, like project costs and expected returns, is also a key function. Moreover, the center will develop relevant policies and strategies.

A 12-member board of directors will oversee these operations. This board includes representatives from both government and private sectors. The Minister of Municipal, Rural Affairs, and Housing will chair this board.

Key Tasks of Center

The center has been tasked with several critical functions:

• Facilitating real estate and municipal services efficiently.
• Empowering real estate developers through streamlined processes.
• Easing the process of obtaining necessary licenses and accreditations.
• Enhancing collaboration among various service providers and entities.
• Providing comprehensive reporting services and analytical resources.
• Registering and qualifying professionals in the real estate development field.
• Conducting detailed technical reviews of development project plans.
• Offering technical support and proposals to meet specific project requirements.
• Providing consultative services including feasibility studies.
• Accurately determining project costs and forecasting potential returns.

This initiative represents a significant step towards modernizing and improving the real estate development sector. It aims to create a more efficient, transparent, and collaborative environment for all stakeholders involved.

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