Building Tomorrow's Infrastructure: Digitally Empowered Asset Management for Vison 2030

Saudi Arabia’s Vision 2030 is transforming the Kingdom’s infrastructure landscape with ambitious investments in mega-projects like NEOM, Qiddiya, and the Red Sea Development. But to ensure long-term value, the country must pivot from traditional capital expenditure models to strategic, lifecycle-based asset management.

Volume 6: MP Perspectives presents insights from strategic asset management expert George Galambos, who outlines the urgent need for Saudi Arabia to integrate global standards like ISO 55000 with national frameworks such as Saudi Arabia's National Manual for Asset and Facilities Manual (SNMAFM). The paper explores the role of digital technologies, IoT, BIM, AI, and digital twins in enabling real-time monitoring, predictive maintenance, and data-driven decision-making.

Through practical examples and policy recommendations, the report emphasizes cross-sector collaboration, cultural readiness, and workforce capability building as vital levers for success. With institutional leadership and digital transformation, asset management can become a cornerstone of sustainable development and public value creation in the Kingdom.

This paper is essential reading for policymakers, infrastructure leaders, and digital innovators invested in building a resilient, efficient, and future-ready Saudi Arabia.

Download the paper and explore actionable insights for embedding asset management into Vision 2030.

20250713_MPP6_GConsult_KSA asset mgmt_web.pdf

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