With up to 70% of the world’s wealth bound up in land and real estate, it is clear why the built environment is a critical component of economic development, and helps support stable, sustainable investment and growth around the globe.
As an independent professional body, acting in the public interest, the Royal Institution of Chartered Surveyors (RICS) works to enforce the highest international standards in valuation, management and development of land, real estate, construction and infrastructure.
With offices covering major political and financial centres of the world, RICS’ market presence means it is ideally placed to influence policy and embed standards at a global level. More than 125,000 professionals have been accredited with Chartered status, and in the Middle East, there are more than 4,500 members working in Construction, Property and Real Estate.
Increasing consistency in the industry
RICS has been working with more than 100 other professional and standards-setting organisations throughout the world to develop high-level international standards that provide a common framework for all practitioners and help drive global efficiencies into a sector which up until now has been very fragmented and ‘local’ in its development.
These standards, relating to construction measurement, property measurement and valuation are vital in achieving a consistent, transparent marketplace, which in turn leads to increased investor confidence and investment activity. In the Middle East, RICS is engaged with government bodies, industry stakeholders and financial institutions to support the adoption and implementation of these standards.
Leading and shaping society since 1868
The surveying profession has helped society advance globally, alongside rapid urbanisation, social shifts and remarkable technological developments. This year RICS marks its 150th anniversary by celebrating the notable impacts surveyors have had on the built environment.
To commemorate this milestone, RICS has launched multiple campaigns spread throughout the year, one of which is the Pride in our Profession campaign, which highlights the contribution of RICS chartered surveyors by sharing their stories and contributions that can inspire the next generation of professionals.
The Future Cities Challenge is designed to find solutions to some of the most crucial issues facing today’s rapidly expanding cities. The competition is open to people from around the world offering inventive and practical solutions to three principal areas: urbanisation, climate change and resource scarcity. This initiative aims to generate exciting solutions that drive pride among the profession and demonstrate the significant role surveying has in safeguarding the cities of the future.
World Built Environment Forum (WBEF)
The focal point of the 150th year anniversary will be the World Built Environment Forum (WBEF), in London in April. An annual forum where a global network of professionals combines knowledge, skills and resources to find ways to shape the environment the global population needs. The summit will find competitive advantages in macro trends such as urbanisation and resource developments, along with technology developments, such as artificial intelligence, blockchain and cybersecurity. Discussions will also address macro-economic trends such as financial stability and protectionism.
The event will include two days of debates, focusing on commercial strategies needed to channel the enormous potential of the 21st century’s people and places, with JB Straubel, Tesla’s co-founder and Chief Technology Officer opening the Summit.
From developers, service providers, corporate occupiers, financial bodies, government and regulatory authorities to influencers; all built environment professionals have something to gain from WBEF.
To find out more about the Forum, visit https://wbef.rics.org/wbef/
An exciting future
The surveying profession has made a significant contribution to society and the global economy. Through the 150th anniversary, RICS aims to celebrate and champion the of built environment professionals around the world and transform the perceptions of the industry, while inspiring the next generation to join this innovative, diverse and immensely rewarding profession.