MunjazStrategy & projects
MunjazPMO PLATFORMProposal
Project proposal & feasibility study
Justification, objectives, benefits, cost and initial risks
- Form no.
- RC-PMO-F01
- Template edition
- 2.1
- Version
- V2
- Form date
- 2023-11-05
- Hijri
- 21 Rabiʻ II 1445 AH
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
1The proposalAuto-filled
- TitleAuto-filled
- The Chamber’s Investment Building — Business Tower on King Fahd Road
- Proposed byAuto-filled
- Eng. Ahmed Y. Asiri
- DepartmentAuto-filled
- Assets & Investment Opportunities Unit
- Submitted onAuto-filled
- 2023-11-05
- Proposal numberAuto-filled
- DMD-2026-020
2Justification
A 22-storey office tower on chamber-owned land to diversify non-membership revenue; the foundations of axes 12–16 face high groundwater.
3Objectives
- Financial sustainability
- The chamber’s services across Riyadh city and its governorates
Strategic objectives served
- SO-4.1 — Financial sustainability
- SO-2.3 — The chamber’s services across Riyadh city and its governorates
4Expected benefits
| Kind | Benefit |
|---|---|
| No benefits recorded yet | |
5Cost & feasibility
Estimated cost
SAR 17.3M
Funding
The owning sector’s approved budget
| Cost line | Amount |
|---|---|
| Main contract | SAR 12.4M |
| Supervision & consulting | SAR 2.4M |
| Internal team | SAR 1.6M |
| Contingency reserve (5%) | SAR 865K |
| Total | SAR 17.3M |
6Initial risks
| Risk | Level | Proposed response |
|---|---|---|
| Unforeseen ground conditions and groundwater at the foundations of axes 12 to 16 | High | Treated in the risk management plan |
| Pile lengths exceeding contract quantities | Medium | Treated in the risk management plan |
Approval logChain: Proposal & feasibility approval · version 4
Every decision on the form — who, their role, the note and the time. It prints with the form.
| # | Step | Kind | Name | Decision | Note | Date & time |
|---|---|---|---|---|---|---|
| 1 | Author | — | Eng. Ahmed Y. AsiriDirector, Construction Projects & Buildings | Submitted | — | 2023-11-05 10:31 |
| 2 | Line manager endorsement | Technical acceptance | Eng. Reem K. Al-DosariThe requester’s line manager | Approved | — | 2023-11-07 14:41 |
| 3 | PMO review | Methodology review | Ghada A. Al-ShahraniPMO — analyst | Approved | — | 2023-11-08 09:48 |
| 4 | Portfolio manager review | Technical acceptance | Eng. Bandar M. Al-ShammariPortfolio manager | Approved | Consistent with the portfolio plan and its priorities. | 2023-11-12 10:55 |
| 5 | Cost & funding review | Financial approval | Munirah A. Al-KhalidiFinance | Approved | — | 2023-11-14 10:07 |
| 6 | Project Approval Committee | Technical acceptance | Dr. Noura M. Al-OtaibiProject Approval Committee | Approved | — | 2023-11-19 12:09 |
Signatures
Line manager endorsement
Eng. Reem K. Al-Dosari
Approved2023-11-07
PMO review
Ghada A. Al-Shahrani
Approved2023-11-08
Portfolio manager review
Eng. Bandar M. Al-Shammari
Approved2023-11-12
Cost & funding review
Munirah A. Al-Khalidi
Approved2023-11-14
Project Approval Committee
Dr. Noura M. Al-Otaibi
Approved2023-11-19