The General Authority for State Real Estate stated that it is working to achieve its vision of maximizing the effectiveness of state-owned real estate and achieving sustainable development by adopting 4 strategic objectives, 21 initiatives, and 14 performance indicators.
It added that the strategic objectives are to establish and enforce a comprehensive and transparent regulatory framework for state-owned real estate, optimize its use, rationalizing rental expenses and divesting government-owned properties while applying energy efficiency standards, and implementing the best specifications and standards in government real estate.
She explained that the strategic objectives are built on four pillars: protection, efficiency, quality, and productivity. From these pillars emerged 21 initiatives, most notably the review and establishment of new regulations and bylaws; the inventory, documentation, issuance, and updating of state property deeds and contracts; the digital transformation of the Authority’s services; allocating land based on needs; leasing properties that are viable for investment; reclaiming unused government properties; providing office space in partnership with the private sector; and optimizing the use of prime locations for government agency headquarters, in addition to entering into lease-to-own agreements, improving the efficiency of real estate expropriation costs, optimizing the use of state-owned properties abroad, establishing best practices and standards for real estate management, and providing new financial and funding solutions.