Undersecretary of the Ministry of Finance for Communication and Information, Yarob Al-Thunayan, told Al-Arabiya TV on Sunday that the conversion of the State Property Department into a general authority will help enhance the efficiency of the Kingdom’s asset management. Last week, the Saudi Arabian Cabinet approved converting the State Property Department into a general authority, to be named General Real Estate Authority. The new entity would be in charge of state properties and would determine the best investment opportunities, lay out policies and develop a related database, in line with Saudi Vision 2030.