Following the reorganization of government via Executive Order Number 1 of 2025, the Directorate of Public Investments was elevated to a fully-fledged State Department for Public Investments and Assets Management, intended to optimize the utilization of public assets and enhance the operational and financial performance of State Corporations, in line with the Administration’s commitment to reform and revitalize the public sector.
The State Department for Public Investments and Assets Management holds a broad mandate focused on public investment, policy coordination, and enterprise management. Its core responsibilities include formulating, reviewing, and coordinating the necessary policies, laws, and regulations to enhance public investment management across the government. To facilitate this, the department is tasked with designing, developing, and maintaining an efficient, effective, and reliable Public Investment Management Information System (PIMIS), and developing the necessary standards, methodologies, and tools for the appraisal of project concept notes, prefeasibility, and feasibility studies. Policy administration also extends to handling Public Private Partnerships, managing the National Pensions Management Policy, and driving reforms intended to improve the efficiency and competitiveness of Public Enterprises. Additionally, the department is responsible for coordinating State Divestiture Programmes.

A major area of focus for the department involves the custodial and regulatory management of government assets, liabilities, and procurement. The department serves as the Custodian of National Government Assets & Properties, responsible for the consolidation and reporting of all government assets and liabilities to the Accountant General. In collaboration with the Public Sector Accounting Standards Board (PSASB), the department develops and enforces guidelines on asset and liability management, and provides strategic advice concerning the management of high-value public asset portfolios and the monitoring of risk exposure. Furthermore, it administers the scheme of service for asset management officers. In the realm of public purchasing, the department develops and implements the Public Procurement and Asset Disposal Policy, setting regulations and guidelines to ensure adherence to the Public Procurement and Asset Disposal Act and standardizing documentation. This includes administering the framework for the management of common user items, providing oversight to procurement and supplies officers in Ministries, Departments and Agencies, and guiding the proper disposal of unserviceable, obsolete, or surplus stores and equipment. Ultimately, these functions are designed to promote transparency and accountability in public procurement and asset disposal.