Friday 22 October 2021

RTA tops global ranking in lifecycle of asset management

DUBAI, September 20, 2021

Dubai’s Roads and Transport Authority (RTA) had demonstrated its superior global standing in a benchmarking study about asset management practices commissioned by Atkins, a specialist in administrative consultancies.
The study revealed RTA’s dominance in various fields, highlighted by the lifecycle of its assets, and digitalisation of all asset-related activities. 
It covered all RTA’s agencies and sectors by benchmarking them with other organisations in the US, UK, Denmark, Singapore and Hong Kong, said the statement.
The study pointed to the authority’s distinction in the analysis of needs and the integrated planning for assets, as well as the systems of performance monitoring and the technical condition of assets. 
The study commended the sophistication and quality of RTA’s number plates factory, a first-of-its-kind in the benchmarked entities. Its superior performance was also reflected in the continued planning and compliance with the replacement of assets and disposal plans, during a phased and standardised manner.
Saeed Al Ramsi, Director of the Assets, Strategy and Corporate Governance Sector, said: "RTA adopts a roadmap that includes an array of outstanding asset management initiatives that span the entire lifecycle of assets."
"Modern asset management has become inevitable for any entity or company that uses assets to deliver services, and would bring about huge and sustainable benefits," noted Al Ramsi. 
"RTA has made giant strides and significant achievements at the regional and global levels in implementing a modern asset management system," he added.-TradeArabia News Service


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