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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.

Project managerEng. Ahmed Y. AsiriProject sponsorSarah A. Al-QarniProgrammeNew Headquarters & Investment Assets Programme
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 status card

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Project status card

28 October 2026 · 17 Jumada I 1448 AH

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

PRJ-2026-020 · Investment Department · Strategic · WP-2024-020

StalledOff track4ExecutionProject manager: Eng. Ahmed Y. Asiri · Sponsor: Sarah A. Al-Qarni
Progress
⁦44%⁩ / ⁦55%⁩
SPI · CPI
0.80 · 0.95
Spend
SAR 8M / SAR 17.3M
Estimate at completion
SAR 18.2M

Schedule

⁦11%⁩ behind⁦44%⁩

Planned to date ⁦55%⁩

Forecast finish: 2027-08-031 Rabiʻ I 1449 AH · 64 days late

SPI0.80Schedule performance index · 0.80CPI0.95Cost performance index · 0.95

Health dimensions

Off track

Last update: 2026-10-2413 Jumada I 1448 AH · Up to date

Deliverables

⁦4⁩ of ⁦9⁩ due deliverables accepted on time (⁦44%⁩)

Next milestones

  • Build complete2027-03-091 Shawwal 1448 AH
  • Testing & acceptance complete2027-06-0429 Dhuʻl-Hijjah 1448 AH
  • Final handover2027-08-0128 Safar 1449 AH

Top risks

  • Unforeseen ground conditions and groundwater at the foundations of axes 12 to 1620
  • Pile lengths exceeding contract quantities12

Open impediments

  • Excavation at axis 14 stopped by groundwater · In progress

Decisions and changes waiting

  • CR-2026-010 · Redesign the foundations of axes 12 to 16

Copilot summary

The scope holds 1 project with a budget of SAR 17.3M: 0 on track and 1 red or critical. Weighted progress is 44% against 55% planned, spend SAR 8M, and EAC SAR 18.2M (SAR 0.9M over).

1 project is more than a month behind baseline; the worst: The Chamber’s Investment Building — Business Tower on King Fahd Road (64 days).

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

Status: Off track ·Project page

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