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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.

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

Corrective plan

Actions, owners, dates and status

Riyadh ChamberMunjazStrategy & projectsMunjazPMO PLATFORM

Execution

Corrective plan

Actions, owners, dates and status

Form no.
RC-PMO-F11
Template edition
1.4
Version
V1
Form date
⁦2026-08-18⁩
Hijri
5 Rabiʻ I 1448 AH
ApprovedCP-2026-04Corrective plan — The Chamber’s Investment Building — Business Tower on King Fahd Road

Auto-filled — Filled by the platform from the project record, not typed.

Project code
PRJ-2026-020
Project
The Chamber’s Investment Building — Business Tower on King Fahd Road
Portfolio
New Headquarters & Investment Assets Portfolio
Sector
Investment Department
Sponsor
Sarah A. Al-Qarni
Project manager
Eng. Ahmed Y. Asiri

1Why the planAuto-filled

Slip when detected

55 days

SPI

0.83

Finish without the plan

⁦2027-09-05⁩

Finish with the plan

⁦2027-08-03⁩

Causes

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

2Actions

ActionOwnerDueStatusDays won back
Extra soil tests at axes 12 to 16Eng. Ahmed Y. Asiri⁦2026-10-20⁩Done0
Redesign the foundations through a change requestEng. Ahmed Y. Asiri⁦2026-11-04⁩In progress10
Dewatering at axis 14Eng. Adel S. Al-Amoudi⁦2026-11-08⁩In progress8
Approve the geotechnical report for axes 12–16Eng. Ahmed Y. Asiri⁦2026-11-08⁩In progress0
A second shift on the concrete frame once the foundations are doneEng. Ahmed Y. Asiri⁦2026-12-01⁩Not started15
Total———33

3PMO follow-upAuto-filled

DateSPISlipNote
⁦2026-10-27⁩0.8064Groundwater stopped excavation at axis 14 (ISS-0123); no days won back yet
⁦2026-09-29⁩0.8160Extra soil tests complete; the redesign request is filed

Approval logChain: Corrective plan approval · version ⁦1⁩

Every decision on the form — who, their role, the note and the time. It prints with the form.

#StepKindNameDecisionNoteDate & time
1Author—Eng. Ahmed Y. AsiriDirector, Construction Projects & BuildingsSubmitted—⁦2026-08-18⁩ 13:10
2Programme manager reviewTechnical acceptanceDr. Noura M. Al-OtaibiProgramme managerApproved—⁦2026-08-19⁩ 09:42
3Projects Steering Committee approvalTechnical acceptanceDr. Abdullah S. Al-QahtaniStrategy & Projects Steering CommitteeApproved—⁦2026-08-25⁩ 11:56

Signatures

Programme manager review

Dr. Noura M. Al-Otaibi

Approved⁦2026-08-19⁩

Projects Steering Committee approval

Dr. Abdullah S. Al-Qahtani

Approved⁦2026-08-25⁩

Issued from Munjaz — Riyadh Chamber · ⁦2026-10-28⁩Form RC-PMO-F11 · version V1

Corrective plan

Prints the form and its approval log on A4.

Approval path

Read from the approval engine: the steps, their holders and the time limits in working days.

Chain: Corrective plan approval · version ⁦1⁩

Submitted by Eng. Ahmed Y. Asiri on ⁦2026-08-18⁩

  1. Technical acceptance

    Programme manager review

    Dr. Noura M. Al-Otaibi · Programme manager

    Approved · ⁦2026-08-19⁩ at ⁦09:42⁩

  2. Technical acceptance

    Projects Steering Committee approval

    Dr. Abdullah S. Al-Qahtani · Strategy & Projects Steering Committee

    Approved · ⁦2026-08-25⁩ at ⁦11:56⁩

Steps that do not apply to this record

  • Financial support requested — the condition «Financial link?» does not hold

Approval complete — the form is approved and in force.

Previous versions

Every version is kept with its status and what changed.

  1. V1ApprovedCurrent⁦2026-08-18⁩

    The current version

    Eng. Ahmed Y. Asiri

Only one version so far.

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