State Properties Authority clarifies its powers

The State Properties General Authority (SPGA) revealed the most important characteristics of its statute and powers approved last week by the Saudi Cabinet.

The new statute will help SPGA achieve its objectives and optimally protect the state’s properties and investments, SPGA said in a tweet.

The authority was granted powers to dispose of and invest in the state’s properties. It can also buy land plots to fulfill the needs of other government entities.