The Saudi Ministry of Investment’s “Invest in Saudi” event began recently at Expo Dubai, with many government ministries and large enterprises in attendance.
According to Turki Al-Manea, Executive Director of Investment at the Saudi Digital Government Authority, the government spends SAR 12 billion every year on digital transformation.
Manea emphasized the need of assisting Saudi Arabia in transitioning from capital to operational spending.
He also focused on transferring government assets to the private sector under the “PPP” system of partnerships and allocation methods.
Manea indicated that he will transition to cloud computing and will invest in new and emerging technologies as well as open-source government software.
According to the CEO, full allocation models or alternative partnership models like “POT,” revenue sharing, or alliance-building are the best options