FIABCI is the French acronym for the International Real Estate Federation, based in Paris, France. FIABCI is a worldwide network whose membership is open to all professionals involved in the property industry. Its chapters currently operate in 54 countries, with 104 national associations and 3500 individual members. The biannual PAM Awards is the premier award for architecture in Malaysia where it recognizes the contribution made by architects in terms of design quality and that of the built environment. It is liken to the Academy Awards of the film industry and in this respect, awards are bestowed on the best works which are recognised by peers and public alike in the architectural industry.