From Asset Management to the Value Industry: Transitioning Focus and Strategies
The article discusses the transformation of public asset management in the Kingdom, moving beyond merely preserving government properties to treating them as economic capital aimed at maximizing returns and turning them into drivers of economic growth. It highlights that the success of government entities today is measured not just by the number of initiatives or assets, but by their ability to attract investments, create jobs, and increase economic value. The article also emphasizes the crucial role of the private sector in financing and development, as well as the government's role in regulating the investment environment, to achieve the goals of Saudi Vision 2030—boosting the private sector’s contribution to GDP to 65%—by transforming land and municipal facilities into developmental projects that support growth and generate employment opportunities.
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