PRJ-2026-020Off track4ExecutionConstructionStalled
The Chamber’s Investment Building — Business Tower on King Fahd Road
Remove from watchlistA 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
- Pre-start · CompletePre-start · Complete
- Gate into «Initiation»DecisionGoDate3 April 2024Initiation · CompleteInitiation · Complete
- Gate into «Planning»DecisionGoDate2 June 2024Planning · CompletePlanning · Complete
- Gate into «Execution»DecisionGoDate24 November 2024Execution · Current stageExecution · Current stage
- Gate into «Closure»DecisionNot held yetDate5 March 2027Closure · Not startedClosure · Not started