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Programme · PG-07 · New Headquarters & Investment Assets Portfolio

New Headquarters & Investment Assets Programme

Off track

The new headquarters, the investment tower, the conference and exhibition hall and the entrepreneurship centre.

Approved budget
SAR 116.2M

incl. SAR 2M programme reserve

Actual spend
SAR 39.2M

⁦34%⁩ of budget

EAC
SAR 120M+5.1%

Estimate at completion

Progress
⁦31%⁩

Planned ⁦37%⁩

Schedule performance index
0.87

Cost performance index 0.95

Manager

Eng. Ahmed Y. Asiri

Director, Construction Projects & Buildings

Sponsor

Eng. Bandar M. Al-Shammari

Director General, Facilities & General Services

Projects

4 projects

2024-03-03 — 2028-12-31

On track 1At risk 1Off track 2

Programme objectives

What the programme must achieve, and the strategic objectives it serves.

  1. 1

    A new chamber-owned headquarters in north Riyadh with a hall for conferences and the General Assembly

  2. 2

    Investment assets — the Business Tower and the conference & exhibition hall — that lift non-membership revenue

  3. 3

    An entrepreneurship centre and co-working spaces with the Riyadh Region Municipality

Serves strategic objectives

SO-2.3The chamber’s services across Riyadh city and its governoratesAt riskSO-4.1Financial sustainabilityAt risk

Programme benefits

From baseline to target

  • Committee & training halls fitted out this year

    by ⁦2026⁩
    Baseline 0Current 48 hallsTarget 60

  • Members within 30 minutes of a branch or service point

    by ⁦2027⁩
    Baseline 71Current 76.4 %Target 78

  • Rent avoided (cumulative to 2035)

    by ⁦2028⁩
    Baseline 0Current 30.5 SAR MTarget 45

Roadmap

One lane per project: start to forecast finish, with the progress earned and the baseline finish.

EarnedRemainingBaseline finishSlip
20242025202620272028
2027-09-12
2027-08-03
2027-09-28
2028-12-31

Dependencies between projects

What waits on what. Red links are on the programme’s critical path.

Critical path

What each project needs from the one before

  • Critical

    The façade and MEP mock-up is proven in the Business Tower before it is fixed for the new HQ

  • Critical

    The entrepreneurship centre applies the design standards approved for the new HQ

Shared risks

Risks that hit more than one project, managed at programme level.

20

Late groundwater treatment at the Business Tower and late handover of the new HQ site

PRK-07-1·Escalate·Eng. Ahmed Y. Asiri

Affects
12

Steel and ready-mix shortages at the peak of the season

PRK-07-2·Mitigate·Eng. Ahmed Y. Asiri

Affects

Open risks in the programme’s projects

8 risks

Open risks in the programme’s projects
  • Critical3
  • High3
  • Medium2
  • Low0
  • Risks 8
Probability
5
4
3
2
1
12345

Impact

Open risks in the programme’s projects
Probability \ Impact12345
50 · Low0 · Medium0 · High1 · Critical0 · Critical
40 · Low0 · Medium0 · Medium2 · High2 · Critical
30 · Low0 · Low0 · Medium1 · Medium1 · High
20 · Low0 · Low0 · Low0 · Medium1 · Medium
10 · Low0 · Low0 · Low0 · Low0 · Low

Programme KPIs · Stakeholders

Headquarters and branch projects delivered to plan

73%

⁦+1⁩

Target 85%⁦86%⁩

Non-membership revenue from services, programmes and events (cumulative)

52.4SAR M

⁦+6⁩

Target 64.0⁦82%⁩

Committee and training halls fitted out this year (cumulative)

48halls

⁦+4⁩

Target 60⁦80%⁩

Attendee satisfaction with forums and events

84%

⁦0⁩

Target 88%⁦95%⁩

Stakeholders

Power against interest; click a person to see their role.

Power

Keep satisfied0

Manage closely5

Monitor0

Keep informed0

Eng. Bandar M. Al-ShammariManage closelySarah A. Al-QarniManage closelyHisham A. Al-TuwairqiManage closelyEng. Waleed O. Al-JuhaniManage closelyMunirah A. Al-KhalidiManage closely

Interest

Programme decisions

What the committees decided on the programme’s projects, and what the programme raised to them.

Committees

Strategy & Projects Steering Committee

Monthly · Quorum ⁦5⁩

Dr. Mohammed I. Al-Subaie · Executive Director, Strategy & Institutional ExcellenceEng. Turki A. Al-Anazi · Executive Director, Training & Employment CentreEng. Majed S. Al-Rasheed · Executive Director, Digital Transformation & IT
Chair: Dr. Abdullah S. Al-QahtaniNext meeting 2026-11-03
Executive Committee

Weekly · Quorum ⁦4⁩

Dr. Mohammed I. Al-Subaie · Executive Director, Strategy & Institutional ExcellenceEng. Turki A. Al-Anazi · Executive Director, Training & Employment CentreEng. Majed S. Al-Rasheed · Executive Director, Digital Transformation & ITSarah A. Al-Qarni · Assistant Secretary-General, Support Services
Chair: Dr. Abdullah S. Al-QahtaniNext meeting 2026-10-28
Bid Evaluation & Award Committee

As needed · Quorum ⁦3⁩

Khalid N. Al-Mutairi · Senior Finance & Procurement SpecialistMazen A. Al-Hazmi · Procurement & Tendering SpecialistEng. Ibrahim A. Al-Ghamdi · Director, Engineering Supervision of Construction ProjectsEng. Asma S. Al-Hamdan · Enterprise Architect
Chair: Munirah A. Al-KhalidiNo meeting scheduled

Programme projects

The programme’s performance is computed from these projects.

⁦4⁩ results
Export CSV
Manager
The Chamber’s New Headquarters BuildingPRJ-2026-002Eng. Ahmed Y. Asiri4ExecutionOff track⁦42%⁩59M63.4M⁦+7.5%⁩0.82Schedule performance index · 0.820.93Cost performance index · 0.93
The Chamber’s Investment Building — Business Tower on King Fahd RoadPRJ-2026-020Eng. Ahmed Y. Asiri4ExecutionOff track⁦44%⁩17.3M18.2M⁦+5.3%⁩0.80Schedule performance index · 0.800.95Cost performance index · 0.95
Chamber Conference & Exhibition Hall — Phase 1PRJ-2026-021Eng. Ibrahim A. Al-Ghamdi3PlanningOn track⁦2%⁩26M26M⁦0.0%⁩1.00Schedule performance index · 1.001.00Cost performance index · 1.00
Entrepreneurship Centre & Co-working Spaces — with the Riyadh Region MunicipalityPRJ-2026-034Eng. Ibrahim A. Al-Ghamdi4ExecutionAt risk⁦33%⁩11.9M12.4M⁦+4.2%⁩0.89Schedule performance index · 0.890.96Cost performance index · 0.96
Total · 4114.2M120M
⁦1⁩–⁦4⁩ of ⁦4⁩

Budget shares

Budget shares

SAR 114.2M

Budget

  • The Chamber’s New Headquarters BuildingSAR 59M⁦52%⁩
  • The Chamber’s Investment Building — Business Tower on King Fahd RoadSAR 17.3M⁦15%⁩
  • Chamber Conference & Exhibition Hall — Phase 1SAR 26M⁦23%⁩
  • Entrepreneurship Centre & Co-working Spaces — with the Riyadh Region MunicipalitySAR 11.9M⁦10%⁩
Budget shares
CategoryValueShare
The Chamber’s New Headquarters BuildingSAR 59M⁦52%⁩
The Chamber’s Investment Building — Business Tower on King Fahd RoadSAR 17.3M⁦15%⁩
Chamber Conference & Exhibition Hall — Phase 1SAR 26M⁦23%⁩
Entrepreneurship Centre & Co-working Spaces — with the Riyadh Region MunicipalitySAR 11.9M⁦10%⁩
TotalSAR 114.2M⁦100%⁩
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