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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

Kick-off meeting minutes

Roles, tasks, decisions and the start of execution

Riyadh ChamberMunjazStrategy & projectsMunjazPMO PLATFORM

Planning

Kick-off meeting minutes

Roles, tasks, decisions and the start of execution

Form no.
RC-PMO-F06
Template edition
1.2
Version
V1
Form date
⁦2024-06-09⁩
Hijri
3 Dhuʻl-Hijjah 1445 AH
ApprovedMTG-KO-020Kick-off — 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

1The meetingAuto-filled

MeetingAuto-filled
Kick-off — The Chamber’s Investment Building — Business Tower on King Fahd Road
Date and timeAuto-filled
⁦2024-06-09⁩ · 10:00
PlaceAuto-filled
Main meeting room — headquarters
SecretaryAuto-filled
Eng. Ahmed Y. Asiri

Purpose

Project kick-off: confirm the roles, the first tasks and the start decisions, and confirm execution starts per the approved charter.

AttendeesTitle
Sarah A. Al-QarniAssistant Secretary-General, Support Services
Hisham A. Al-TuwairqiDirector, Investment
Eng. Ahmed Y. AsiriDirector, Construction Projects & Buildings
Dr. Noura M. Al-OtaibiDirector, Project Management Office
——

2Roles

PersonRoleDuty
Sarah A. Al-QarniProject sponsorSponsors the project, decides escalations and material changes
Hisham A. Al-TuwairqiProject ownerApproves the requirements and accepts the deliverables
Eng. Ahmed Y. AsiriProject managerRuns the plan, deliverables and risks; files the periodic update card
Dr. Noura M. Al-OtaibiProject Management OfficeFollows the methodology and checks the periodic updates
—Planning & scheduling engineerDelivers their tasks and uploads the evidence

3Tasks

TaskOwnerDueStatus
Project plan approvedEng. Ahmed Y. Asiri⁦2025-01-14⁩Done
Designs approvedEng. Ahmed Y. Asiri⁦2025-07-06⁩Done
Build completeEng. Ahmed Y. Asiri⁦2026-03-23⁩Open
Testing & acceptance completeEng. Ahmed Y. Asiri⁦2026-12-09⁩Open

4Decisions

  1. The charter is the reference for scope, budget and the milestone plan
  2. Change Committee: Approves scope, cost and schedule changes (Weekly)
  3. PMO Committee: Methodology compliance, data quality, stage gates (Fortnightly)
  4. The periodic update card monthly, before the 5th of the month

5Start of execution

Execution starts on
⁦2024-11-24⁩
Start confirmed
Sarah A. Al-Qarni · ⁦2024-06-10⁩

Approval logChain: Kick-off minutes 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—⁦2024-06-10⁩ 13:28
2Minutes against the templateMethodology reviewGhada A. Al-ShahraniPMO — analystApproved—⁦2024-06-11⁩ 11:32
3Chair’s approval (sponsor)Technical acceptanceSarah A. Al-QarniProject sponsorApproved—⁦2024-06-11⁩ 12:30

Signatures

Minutes against the template

Ghada A. Al-Shahrani

Approved⁦2024-06-11⁩

Chair’s approval (sponsor)

Sarah A. Al-Qarni

Approved⁦2024-06-11⁩

Issued from Munjaz — Riyadh Chamber · ⁦2026-10-28⁩Form RC-PMO-F06 · version V1

Kick-off meeting minutes

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: Kick-off minutes approval · version ⁦1⁩

Submitted by Eng. Ahmed Y. Asiri on ⁦2024-06-10⁩

  1. Methodology review

    Minutes against the template

    Ghada A. Al-Shahrani · PMO — analyst

    Approved · ⁦2024-06-11⁩ at ⁦11:32⁩

  2. Technical acceptance

    Chair’s approval (sponsor)

    Sarah A. Al-Qarni · Project sponsor

    Approved · ⁦2024-06-11⁩ at ⁦12:30⁩

Approval complete — the form is approved and in force.

Previous versions

Every version is kept with its status and what changed.

  1. V1ApprovedCurrent⁦2024-06-09⁩

    The minutes as taken

    Eng. Ahmed Y. Asiri

Only one version so far.

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