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PRJ-2026-002Off track4ExecutionConstructionStalled

The Chamber’s New Headquarters Building

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A new headquarters in north Riyadh housing the secretariat, the members’ service hall, the conference and general-assembly hall and the sectoral committee rooms in four linked buildings, with multi-storey parking.

Project managerEng. Ahmed Y. AsiriProject sponsorSarah A. Al-QarniProgrammeNew Headquarters & Investment Assets Programme
Early warning: ⁦88%⁩ chance of slipping within ⁦60⁩ days

Budget (BAC)

SAR 59M

Actual cost

SAR 26.6M

⁦45%⁩ of budget

Progress

⁦42%⁩Awaiting acceptance ⁦11%⁩

Estimate at completion

SAR 63.4M

SAR +4.4M

SPI · CPI

0.82Schedule performance index · 0.820.93Cost performance index · 0.93

Forecast finish

⁦2027-09-12⁩

74 days behind baseline

ExecutionStage ⁦4⁩ of ⁦5⁩

Next gate:Closure25 March 2027

  1. Pre-start · CompletePre-start · Complete
  2. Gate into «Initiation»DecisionGoDate3 January 2024Initiation · CompleteInitiation · Complete
  3. Gate into «Planning»DecisionGoDate3 March 2024Planning · CompletePlanning · Complete
  4. Gate into «Execution»DecisionGoDate13 September 2024Execution · Current stageExecution · Current stage
  5. Gate into «Closure»DecisionNot held yetDate25 March 2027Closure · Not startedClosure · Not started

Project status card

One page for the periodic update, to print or export and send to the committee and the sponsor.

Issue schedulePeriodic update cards

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Riyadh ChamberMunjazStrategy & projectsMunjazPMO PLATFORM

Project status card

28 October 2026 · 17 Jumada I 1448 AH

The Chamber’s New Headquarters Building

PRJ-2026-002 · Support Services Sector · Strategic · WP-2024-002

StalledOff track4ExecutionProject manager: Eng. Ahmed Y. Asiri · Sponsor: Sarah A. Al-Qarni
Progress
⁦42%⁩ / ⁦51%⁩
SPI · CPI
0.82 · 0.93
Spend
SAR 26.6M / SAR 59M
Estimate at completion
SAR 63.4M

Schedule

⁦9%⁩ behind⁦42%⁩

Planned to date ⁦51%⁩

Forecast finish: 2027-09-1211 Rabiʻ II 1449 AH · 74 days late

SPI0.82Schedule performance index · 0.82CPI0.93Cost performance index · 0.93

Health dimensions

Off track

Last update: 2026-10-2615 Jumada I 1448 AH · Up to date

Deliverables

⁦5⁩ of ⁦9⁩ due deliverables accepted on time (⁦56%⁩)

Next milestones

  • Build complete2027-01-179 Shaʻban 1448 AH
  • Testing & acceptance complete2027-06-1914 Muharram 1449 AH
  • Final handover2027-09-2928 Rabiʻ II 1449 AH

Top risks

  • Steel and concrete price rises driving price-adjustment claims20
  • Late handover of the northern plot and utility diversions in zones 3 and 420
  • Contractor claim for a 120-day extension with compensation16
  • Safety incidents around cranes and deep excavations10

Open impediments

  • Excavation clashing with a high-voltage line in zone 4 · Escalated
  • Neighbour complaints about traffic diversions around the site · In progress
  • Conference and general-assembly hall designs awaiting approval · Open

Decisions and changes waiting

  • Review certificate 28 — new headquarters

Copilot summary

The scope holds 1 project with a budget of SAR 59M: 0 on track and 1 red or critical. Weighted progress is 42% against 51% planned, spend SAR 26.6M, and EAC SAR 63.4M (SAR 4.4M over).

1 project is more than a month behind baseline; the worst: The Chamber’s New Headquarters Building (74 days).

Riyadh Chamber of Commerce & Industry · prepared by Eng. Ahmed Y. Asiri in MunjazInternal

Status: Off track ·Project page

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