Riyadh ChamberMunjaz11My actionsNotifications
PRJ-2026-020Off track4ExecutionConstructionStalled

The Chamber’s Investment Building — Business Tower on King Fahd Road

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A 22-storey office tower on chamber-owned land to diversify non-membership revenue; the foundations of axes 12–16 face high groundwater.

Early warning: ⁦81%⁩ chance of slipping within ⁦60⁩ days

Budget (BAC)

SAR 17.3M

Actual cost

SAR 8M

⁦46%⁩ of budget

Progress

⁦44%⁩Awaiting acceptance ⁦12%⁩

Estimate at completion

SAR 18.2M

SAR +908K

SPI · CPI

0.80Schedule performance index · 0.800.95Cost performance index · 0.95

Forecast finish

⁦2027-08-03⁩

64 days behind baseline

ExecutionStage ⁦4⁩ of ⁦5⁩

Next gate:Closure5 March 2027

  1. Pre-start · CompletePre-start · Complete
  2. Gate into «Initiation»DecisionGoDate3 April 2024Initiation · CompleteInitiation · Complete
  3. Gate into «Planning»DecisionGoDate2 June 2024Planning · CompletePlanning · Complete
  4. Gate into «Execution»DecisionGoDate24 November 2024Execution · Current stageExecution · Current stage
  5. Gate into «Closure»DecisionNot held yetDate5 March 2027Closure · Not startedClosure · Not started

Project health across eight dimensions

A weighted index, not just percent complete; each dimension leads to the tab that explains it.

Index over the last six reports

−21

May to October 2026

No material change in the health dimensions over the period.

AI insight

⁦81%⁩ chance of a further slip within ⁦60⁩ days

From the SPI trend (⁦0.80⁩), the task closure rate and the open risks, the early-warning engine expects another slip unless the resource gap is closed.

Confidence⁦82%⁩

Copilot summary

Generated from the live project data

The project is behind plan: ⁦44% done against 55% planned⁩.

⁦SPI 0⁩.⁦80⁩, ⁦CPI 0⁩.⁦95⁩.

The project’s link, progress and status

How the project ties to the strategy, its progress counted from accepted deliverables, and its status history.

Strategic link

The main objective and initiative, the secondary links, and the project’s contribution to its initiative.

Main strategic objective· Axis: Improving the OrganisationSO-4.1Financial sustainability

Main initiative

SI-2.3.2New headquarters & investment assets

Contribution to the initiative⁦17%⁩

The project’s share of the initiative’s project budget (3 projects)

Secondary links

Annual work-plan line
WP-2024-020
Classification
Strategic

Project progress from accepted deliverables

Project progress = the sum of the weights of deliverables accepted with a completion certificate; nothing counts before acceptance.

Counted

⁦44%⁩

Awaiting acceptance ⁦12%⁩

Not handed in ⁦44%⁩

6 deliverables accepted

  • Site works & excavation⁦13%⁩
  • Structure⁦13%⁩
  • Detailed design⁦6%⁩
  • Permits & approvals⁦6%⁩
  • Project plan & baseline⁦3%⁩
  • Monitoring & reporting⁦3%⁩

1 deliverable under inspection or acceptance

  • Finishes⁦12%⁩

Corrective planCP-2026-04

Approved — under way

Clay layers, voids and groundwater under the foundations of axes 12 to 16 that the initial soil tests missed

Actions

⁦1⁩ of ⁦5⁩ done

Next: Redesign the foundations through a change request · Eng. Ahmed Y. Asiri · 2026-11-04

Days won back

⁦0⁩ of ⁦33⁩

With the plan: 2027-08-03

Open the plan

Progress & earned value

⁦3⁩ of ⁦5⁩ milestones complete

Earned-value curve

Planned, earned and actual to the data date, cumulative, with the forecast cost tail

  • Planned value
  • Earned value
  • Actual cost
  • Estimate at completion
  • Budget at completion

Budget & commitments

Commitments are ⁦92%⁩ of budget

8M/ 17.3M908Kprojected overrun(⁦5.3%⁩)
Actual spend
8M
Committed
15.8M
Approved budget
17.3M
Estimate at completion
18.2M

Next milestones

  • Provisional acceptance⁦2027-04-22⁩was ⁦2027-03-05⁩Late
  • Closure⁦2027-08-03⁩was ⁦2027-05-31⁩Late

Waiting on someone

⁦0⁩ approvals and ⁦1⁩ open action on this project

Approvals & requests

From «My actions» for this project

  • No approvals pending

Actions

⁦1⁩ open

  • ⁦Approve the geotechnical report for axes 12⁩–⁦16 of the investment building⁩Eng. Ahmed Y. AsiriIn 11 days2026-11-0828 Jumada I 1448 AHHigh

Risks & impediments

2 open risks, exposure SAR 1.8M

Risk map

Probability
5Probability: Almost certain · Impact: NegligibleLow · Score ⁦5⁩Probability: Almost certain · Impact: MinorMedium · Score ⁦10⁩Probability: Almost certain · Impact: ModerateHigh · Score ⁦15⁩Probability: Almost certain · Impact: MajorCritical · Score ⁦20⁩Probability: Almost certain · Impact: SevereCritical · Score ⁦25⁩
4Probability: Likely · Impact: NegligibleLow · Score ⁦4⁩Probability: Likely · Impact: MinorMedium · Score ⁦8⁩Probability: Likely · Impact: ModerateMedium · Score ⁦12⁩Probability: Likely · Impact: MajorHigh · Score ⁦16⁩1Probability: Likely · Impact: SevereCritical · Score ⁦20⁩RSK-0034Unforeseen ground conditions and groundwater at the foundations of axes 12 to 16
3Probability: Possible · Impact: NegligibleLow · Score ⁦3⁩Probability: Possible · Impact: MinorLow · Score ⁦6⁩Probability: Possible · Impact: ModerateMedium · Score ⁦9⁩1Probability: Possible · Impact: MajorMedium · Score ⁦12⁩RSK-0035Pile lengths exceeding contract quantitiesProbability: Possible · Impact: SevereHigh · Score ⁦15⁩
2Probability: Unlikely · Impact: NegligibleLow · Score ⁦2⁩Probability: Unlikely · Impact: MinorLow · Score ⁦4⁩Probability: Unlikely · Impact: ModerateLow · Score ⁦6⁩Probability: Unlikely · Impact: MajorMedium · Score ⁦8⁩Probability: Unlikely · Impact: SevereMedium · Score ⁦10⁩
1Probability: Rare · Impact: NegligibleLow · Score ⁦1⁩Probability: Rare · Impact: MinorLow · Score ⁦2⁩Probability: Rare · Impact: ModerateLow · Score ⁦3⁩Probability: Rare · Impact: MajorLow · Score ⁦4⁩Probability: Rare · Impact: SevereLow · Score ⁦5⁩
12345

Impact

  • Critical1
  • High0
  • Medium1
  • Low0

Deliverables

⁦6⁩ of ⁦12⁩ approved

  • Project plan & baseline020-D1 · V1 · CRT-020-01⁦3%⁩Eng. Ahmed Y. Asiri⁦2024-10-19⁩2024-10-1916 Rabiʻ II 1446 AHApproved
  • Monitoring & reporting020-D2 · V1 · CRT-020-02⁦3%⁩Hisham A. Al-Tuwairqi⁦2025-01-14⁩2025-01-1414 Rajab 1446 AHApproved
  • Detailed design020-D3 · V1 · CRT-020-03⁦6%⁩Hisham A. Al-Tuwairqi⁦2025-04-10⁩2025-04-1012 Shawwal 1446 AHApproved
  • Permits & approvals020-D4 · V1 · CRT-020-04⁦6%⁩Sarah A. Al-Qarni⁦2025-07-06⁩2025-07-0611 Muharram 1447 AHApproved
  • Site works & excavation020-D5 · V1 · CRT-020-05⁦13%⁩Sarah A. Al-Qarni⁦2025-10-01⁩2025-10-019 Rabiʻ II 1447 AHApproved
  • Structure020-D6 · V1 · CRT-020-06⁦13%⁩Eng. Ahmed Y. Asiri⁦2025-12-27⁩2025-12-277 Rajab 1447 AHApproved
  • Finishes020-D7 · V1⁦12%⁩Hisham A. Al-Tuwairqi219 days overdue2026-03-234 Shawwal 1447 AHSubmitted
  • Supply020-D8 · V0⁦10%⁩Eng. Ahmed Y. Asiri132 days overdue2026-06-183 Muharram 1448 AHDraft
  • Installation020-D9 · V0⁦10%⁩Hisham A. Al-Tuwairqi45 days overdue2026-09-132 Rabiʻ II 1448 AHDraft
  • Testing & commissioning020-D10 · V0⁦10%⁩Sarah A. Al-QarniIn 42 days2026-12-0929 Jumada II 1448 AHDraft
  • Provisional acceptance020-D11 · V0⁦7%⁩Hisham A. Al-TuwairqiIn 128 days2027-03-0526 Ramadan 1448 AHDraft
  • Final acceptance020-D12 · V0⁦7%⁩Sarah A. Al-QarniIn 215 days2027-05-3125 Dhuʻl-Hijjah 1448 AHDraft

Team, contracts & documents

Team

2 members

Eng. Ahmed Y. Asiri · Director, Construction Projects & Buildings
  • Eng. Ahmed Y. AsiriEng. Ahmed Y. AsiriDirector, Construction Projects & BuildingsProject managerP-020a.asiri@chamber.sa⁦50%⁩
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