Performance-Based Contracts: A Strategic Lever for Achieving Vision 2030 through Smart Asset Management
Aligned with Saudi Vision 2030’s emphasis on sustainability, efficiency, and value-driven public spending, performance-based contracts (PBCs) have emerged as a transformative model for managing government assets and infrastructure. By shifting the focus from activity-based execution to measurable outcomes—such as service quality, asset performance, and lifecycle value—PBCs enhance financial sustainability, transparency, and accountability while incentivizing innovation and digital transformation. This approach supports Vision 2030 objectives by improving spending efficiency, enabling private sector participation, extending asset lifespan, and elevating quality of life through reliable and resilient infrastructure. Performance-based contracts thus serve as a critical execution tool, translating national vision into tangible, sustainable impact across Saudi Arabia’s public asset portfolio.
Eng. Wael Helmy Badawy is a prominent regional leader in infrastructure strategy, asset management, and performance-based delivery
with over two decades of driving transformative national programs across Saudi Arabia, Qatar and Egypt. His distinguished portfolio spans multi-billion-riyal highway construction and rehabilitation, asset modernization, and strategic infrastructure development, positioning him as one of the key contributors to the Kingdom’s contemporary transformation landscape.
In collaboration with the Ministry of Transport and Logistics Services (MoTLS), Eng. Wael served within the expert team behind the Ministry’s
groundbreaking MMAP and PBC transformation program, a national milestone that earned the prestigious CIPS UK “Highly Commended Public Procurement Project of the Year 2022.”
