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Saudi Develops Capital Projects’ Portfolios in 20 Entities

Saudi Develops Capital Projects’ Portfolios in 20 Entities

Monday, 13 June, 2022 - 08:45
Saudi Minister of Finance Mohammed Al-Jadaan during the inauguration of the National Guide to Project Management and the National Guide to Asset and Facilities Management (Asharq Al-Awsat)

Saudi authorities have recently accomplished many achievements in the field of financial sustainability, redirecting SAR540 billion to high-priority spending to serve locals and residents, Minister of Finance Mohammed Al-Jadaan said.


Al-Jadaan, who is also the Chairman of Expenditure & Projects Efficiency Authority (EXPRO), inaugurated the National Guide to Project Management and the National Guide to Asset and Facilities Management, during a ceremony in the presence of a number of government agency officials and specialists.


EXPRO has developed an action plan with 20 highest-spending government agencies to arrange their priorities and align them with the goals of Vision 2030, said Al-Jadaan.


The minister further explained that the efforts of a number of government agencies resulted in the launch of the National Guide to Project Management, and the National Guide to Asset and Facilities Management, which will contribute to achieving institutional excellence and raising the quality of projects, assets, facilities and infrastructure planning.


Al-Jadaan indicated that the recent measures in the field of achieving quality and sustainability of project management and public utilities are part of a larger and broader process.


For his part, the CEO of EXPRO, Abdul Razzaq bin Subhi Al-Aujan, said the two guides have been prepared in accordance with the best local and international standards and practices.


“They were under the supervision and follow-up of distinguished national competencies and expertise, which contributes to improving and raising spending efficiency in operating expenses and consolidating the quality of the services provided,” said Al-Aujan.


“Work has been done to build the scientific content of the two guides based on rich national and global experiences for managing infrastructure projects in all its stages, covering the entire life cycle of the project starting from the planning and construction stage, through the stages of contracting and purchasing, and from operating and maintaining with initiatives to raise spending efficiency in partnership with government agencies,” he added.


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