The General Authority for State Properties and the General Authority for Endowments signed a memorandum of cooperation aimed at benefiting from the experience of the General Authority for State Properties in building an electronic database for the Geographic Information System for its properties, raising the level of coordination in the development of endowments that fall under the supervision of the General Authority for Endowments, coordinating the procedures for transferring ownership of expropriated properties to the Endowments Authority, and inventorying its properties, in addition to exploring ways of cooperation with the investment arm of the Endowments Authority, Awqaf Investment Company, as well as coordinating regarding requests for ownership of endowment properties with the General Secretariat of the Committees for Considering Requests for Ownership of Properties.
The memorandum of cooperation was signed by His Excellency the Governor of the General Authority for State Properties, Mr. Ihsan bin Abbas Bafaqih, and the Governor of the General Authority for Endowments, Mr. Emad bin Saleh Al-Kharashi. The memorandum of cooperation comes within the framework of integrating roles to achieve common strategic goals in light of the Kingdom’s Vision 2030, maximizing benefit between government sectors to meet developmental needs and achieve sustainability, and creating enablers to serve society and provide real estate solutions.
