Riyadh Chamber of Commerce & Industry
Project charter
The Chamber’s New Headquarters Building
APPROVEDV2Approved 2024-03-01
1Project identity
Required at this stage- Project name
- The Chamber’s New Headquarters Building
- Project code
- PRJ-2026-002
- Project sponsor
- Sarah A. Al-QarniSarah A. Al-QarniAssistant Secretary-General, Support ServicesP-012s.alqarni@chamber.sa
- Project manager
- Eng. Ahmed Y. AsiriEng. Ahmed Y. AsiriDirector, Construction Projects & BuildingsP-020a.asiri@chamber.sa
- Project owner
- Eng. Bandar M. Al-ShammariEng. Bandar M. Al-ShammariDirector General, Facilities & General ServicesP-013b.alshammari@chamber.sa
- Portfolio & programme
- New Headquarters & Investment Assets PortfolioNew Headquarters & Investment Assets Programme
- Type & methodology
- Infrastructure · Construction
- Current phase
- 4Execution
2Background & rationale
Required at this stageA 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.
3Objectives
Required at this stage- 1The chamber’s services across Riyadh city and its governorates
- 2Active sectoral committees and business challenges resolved
4Scope
Required at this stageIn scope
- 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.
- Saudi Building Code compliance
- An approved plan to keep member services and training running during the works
Out of scope
- Operation and maintenance after the warranty period
- Work outside the approved site or system boundary
5High-level requirements
Required at this stage- 1Saudi Building Code compliance
- 2An approved plan to keep member services and training running during the works
- 3Civil-defence requirements
6Deliverables
Required at this stage| 1 | Project management plan | 2024-04-21 |
| 2 | Main deliverable — stage 1 | 2025-11-12 |
| 3 | Main deliverable — final stage | 2027-01-11 |
| 4 | Final report | 2027-06-30 |
7Key milestones
Required at this stage- Charter approved2024-03-01
- Contract signed2024-09-13
- 50% of works complete2025-11-12
- Provisional acceptance2027-03-25
- Closure2027-06-30
8Budget
Required at this stage- Main contract72.0%42.5M
- Supervision & consulting14.0%8.3M
- Internal team9.0%5.3M
- Contingency reserve (5%)5.0%3M
The owning sector’s approved budgetTotal59M
9Timeline
Required at this stage10Key risks
Required at this stage- HighSteel and concrete price rises driving price-adjustment claims
- HighLate handover of the northern plot and utility diversions in zones 3 and 4
- HighContractor claim for a 120-day extension with compensation
- MediumSafety incidents around cranes and deep excavations
11Constraints
Required at this stage- Stay within the approved budget
- Comply with the Government Tenders & Procurement Law
12Assumptions
Required at this stage- Named internal staff available throughout
- Approvals land within the workflow’s action time limits
13Stakeholders
Required at this stage- Project sponsorDecisions and funding
- Project ownerAccepts deliverables, owns benefits
- Project Management Office (PMO)Governance and compliance
14Success criteria
Required at this stage- 1Delivered within the approved budget
- 2On the approved date ±5%
- 3Target benefits within 12 months
15Governance structure
Required at this stage- Change CommitteeApproves scope, cost and schedule changesWeekly
- PMO CommitteeMethodology compliance, data quality, stage gatesFortnightly
- Project management teamDay-to-day control, risks, impediments, the periodic update cardWeekly