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
Periodic update cards
Filled by the project manager every period — progress, status, risks and support requested — prefilled from the previous card and the live data, then approved.
Period
October 2026
In approvalDue todayAction time limit about to lapse · Limit 2 working days
- Progress
- 44%
- Planned
- 55%
- SPI
- 0.80
Periodic update cards
| Period | Status | Progress | Current step | Date |
|---|---|---|---|---|
| October 2026UPD-020-2026-10 | In approval | 44% | Methodology reviewDr. Noura M. Al-OtaibiDue todayAction time limit about to lapse · Limit 2 working days | 2026-10-26 |
| September 2026UPD-020-2026-09 | Approved | 42% | — | 2026-10-02 |
| August 2026UPD-020-2026-08 | Approved | 39% | — | 2026-09-02 |