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Director of Asset Lifecycle & Investment Strategy

Job in Riyadh, Riyadh Region, Saudi Arabia
Listing for: Jasara Program Management Company
Full Time position Listed on 2026-11-12
Job specializations:
Salary/Wage Range or Industry Benchmark: 700000 - 1000000 SAR Yearly SAR 700000.00 1000000.00 YEAR

Job Description & How to Apply Below

Jasara Program Management Company (Jasara PMC) is a leading Joint Venture between Public Investment Fund (PIF), Jacobs, and Saudi Aramco, established to deliver world-class program management services across the Kingdom of Saudi Arabia. Jasara plays a key role in supporting the realization of Saudi Vision 2030, particularly in delivering giga-projects and large-scale infrastructure developments.

We are seeking an Asset Lifecycle Planning Director to join JASARA PMC. This role will establish the city-wide asset lifecycle planning framework, renewal rules and risk-based prioritization approach, integrating condition, risk, cost and performance data to shape lifecycle plans and renewal pipelines across portfolios.

The Asset Lifecycle Planning & Integration Director is accountable for establishing the city-wide lifecycle planning principles, frameworks, policies, renewal rules and intervention approach for City Asset Management. The role provides city-wide integration so lifecycle decisions across portfolios follow one unified ISO 55001-aligned AM framework, rather than fragmented local practices, and ensures decisions balance cost, risk, performance, service outcomes and whole-life asset value.

The role acts as the bridge between City AM portfolios and City Operations by defining lifecycle principles, intervention thresholds, maintenance policies, renewal criteria and cross-asset prioritization rules. It works with asset leads across the wider City AM team to ensure lifecycle plans reflect asset condition, criticality, hierarchy, service levels, O&M feedback and operational realities. It also works closely with the Enterprise AM Systems / SAP EAMS Director to ensure the AM platform and SAP EAMS produce the data, dashboards and decision-support outputs required to provide one trusted view of asset risk, condition, performance, backlog and lifecycle pressures across the city.

Key Responsibilities
1. Lifecycle Planning Framework, Principles and Policies

· Establish the city-wide asset lifecycle planning framework, principles, policies and governance approach for City AM, aligned to the AM Policy, AM Strategy and ISO 55001 principles.

· Define lifecycle planning standards that balance cost, risk, performance, service quality, safety, maintainability, resilience and long-term asset value.

· Set the approach for managing assets across their life, including how condition, criticality, hierarchy, risk, service levels and whole-life cost inform planning decisions.

· Develop renewal rules, intervention approaches, planning assumptions and decision criteria for assets across portfolios and districts.

· Set out consistent requirements for lifecycle plans, asset management plans, renewal pipelines, budget inputs and portfolio-level investment recommendations.

· Ensure lifecycle planning reflects agreed asset ownership boundaries, leasing arrangements, cost structures and links to capital and operating budget planning.

· Align lifecycle planning with operational readiness, handover, maintenance policies, SAP EAMS capabilities, AM governance and City Operations monitoring requirements.

2. Renewal Pipeline and Risk-Based Prioritisation

· Develop the city-wide lifecycle and renewal pipeline by joining condition, risk, cost, performance, criticality and maintenance data across portfolios.

· Prioritise assets coming into operation between 2026 and 2028, ensuring renewal needs, early-life risks and lifecycle obligations are visible before handover.

· Set risk-based prioritisation rules that guide when assets are maintained, monitored, refurbished, renewed, replaced or escalated for investment decision.

· Create practical rules for transferring lifecycle planning outputs and prioritisation logic to incoming City…

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