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Market view

Saudi Arabia

The largest concentration of capital expenditure on earth, governed by frameworks that were designed for a smaller programme.

Conditions on the ground

01

Vision 2030 moved the Kingdom from a project economy to a portfolio economy in under a decade. The governance did not scale at the same rate.

02

PIF subsidiaries, royal commissions and ministry level authorities now run portfolios that would have been national programmes anywhere else, frequently with control frameworks inherited from the municipal era.

03

The national cash to accrual transformation obliges entities to state what they own and what it is worth. Most cannot, because the asset register was never built.

04

Tier one contractors on giga-projects hold more programme information than the owners paying them. That asymmetry is where cost leaks.

What we are commissioned to do in Saudi Arabia

01

Capital Project Governance

Stage gate assurance, project health reviews and governance frameworks for programmes where a single missed control costs more than the review that would have caught it.

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02

Construction and Contract Audit

Auditing what was invoiced against what the contract permitted and what was actually built. This is the work that returns money.

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03

Claims and FIDIC Advisory

Entitlement, extension of time and variation positions built on the contract as written and the records as kept.

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04

CAPEX Control

Capital budgeting architecture, cost baselines and the reporting discipline that makes a capital plan mean something after it is approved.

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05

Enterprise Asset Management

Asset registers, lifecycle planning and ISO 55001 frameworks. The record of what an owner actually holds, built to survive the contractor who handed it over.

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06

Risk Based Internal Audit

Multi year audit plans for organisations that build. Written by people who have run a site, not only a checklist.

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Other markets

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