Al Riyadh - newspaper Sunday 20th July 2014 The Real Estate Union in Islamic States held its first annual meeting under the patronage of Sheikh Abdul Aziz Al Ibrahim and attended by a number of Muslim Countries ambassadors in K.S.A, Real Estate investors and those concerned with the real estate issue where the meeting began with a speech by H.E the Chairman of the Board of Founders of the Real Estate Union in Islamic States, Dr. Mohammed Yahya Mufarreh in which he expressed his thanks and appreciation to his Excellency Sheikh Abdul Aziz Al Ibrahim for his patronage of the first annual meeting of the Union and appreciating the efforts of his Excellency in Real Estate development in Muslim Countries, especially his charity accomplishments in the support and development of Islamic Endowments.

 Dr. Mohammed have also thanked the ambassadors of Islamic countries and the audience for accepting the invitation to participate in the meeting then concluded with a presentation about the Real Estate Union in Islamic States where he emphasized the vision, mission and objectives of the Union and how it provides valuable services for investors and those interested in the real estate subject issue.

He mentioned that the Union comes as a result of a need to provide true opportunities and Real Estate investment studies under the umbrella of support and reservation of  investors initiatives in Islamic countries in light of their increasing development of urban population and construction.

A dialogue was opened, thereafter, between the attendees. It was initiated with a big welcome from participants of the Union who expressed their willingness to adopt the initiatives of the Union as well as contributing in the registry among its effective members, especially the need of the real estate field for many studies.

H.E Ambassador Diaauddin Bamakhrama, Ambassador of the Republic of Djibouti and Permanent Commissioner in the Organization of Islamic Cooperation, explained that the Republic of Djibouti in terms of its confidence of the urgent need for such a Union, which serves the Real Estate field in Islamic Countries, was quick to adopt the idea created and host the Union headquarters in the Republic of Djibouti. He reiterated the promise to provide all facilities to the Union to exercise its business in order to achieve its goals.

The Ambassador of the Republic of Tunisia followed with a welcome to the Union investment initiatives appreciating the Union's role in the adoption of such meetings that targets the urban development in our Islamic countries.

Following that, there was successive dialogue with a various debate angles on a number of topics of real estate investment, especially in support of Islamic Endowments and arbitration initiatives between Islamic countries.

At the conclusion of the meeting, H.E the Chairman of the Board of Founders of the Real Estate Union in Islamic States presented a commemorative gift on behalf of the Union to H.E Sheikh Abdul Aziz Al Ibrahim for his patronage of the first annual meeting and a similar gift to Ambassador Diaauddin Bamakhrama Ambassador of the Republic of Djibouti to the Kingdom of Saudi Arabia for his dedicated efforts in support of the Real Estate Union in Islamic States.

http://www.alriyadh.com/954193