Glossary of Terms
T ERMS & A BBREVIATIONS
D ESCRIPTION
T ERMS & A BBREVIATIONS
D ESCRIPTION
ARDCO
Riyadh Development Company.
Sector providing the daily needs of the community , such as food , livestock , etc.
Public Good Services
The Company
Riyadh Development Company.
Integrating digital technologies , processes and strategies across the business to enhance performance , efficiency and value delivery , often involving innovations such as artificial intelligence , cloud computing , and data analytics.
Digital Transformation
The strategic objectives on which the company’s strategy is based upon , under the slogan «Invest for growth…»
Strategic Objectives
Managing the organization in an environmentally , socially , and economically responsible manner in order to satisfy current needs without impeding on the ability of future generations to meet theirs.
Digitization
Creating a digital counterpart to a physical object or process.
Sustainability
The use of technology in various industrial , commercial and service applications to automatically and accurately manage the procedures and actions efficiently with the least possible error.
The systems and controls that regulate stakeholder relationships and achieve the principles that the company operates upon.
Automation
Governance
Management of the flow of goods , services , and information from origin to destination. It includes transportation , warehousing , and inventory management within the supply chain.
Business Sectors
The company’s three sectors: development , operations , and leasing.
Logistics
Leasing Income
Revenues generated from the company’s leasing activities.
The partnerships that bond ARDCO with the public sector , private sector , and third sector.
Partnerships
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