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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.

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

  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

Periodic update — October 2026

Filled by the project manager every period — progress, status, risks and support requested — prefilled from the previous card and the live data, then approved.

Periodic update cards
Riyadh ChamberMunjazStrategy & projectsMunjazPMO PLATFORM

Execution

Periodic update card

Progress, status, risks and support requested

Form no.
RC-PMO-F07
Template edition
2.2
Version
V1
Form date
⁦2026-10-26⁩
Hijri
15 Jumada I 1448 AH
In approvalUPD-020-2026-10Periodic update — October 2026

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

1ProgressAuto-filled

From the live data: accepted deliverables, the schedule and finance on the period’s last day.

Actual progress

⁦44%⁩

+2 pts on the last period

Planned to date

⁦55%⁩

SPI

0.80

Actual cost

SAR 8M

Main achievements this periodFilled by the project manager

Work went to the approved plan for the period, with the due deliverables handed in.

Prefilled from the September 2026 card — edit it if it changed

2Status

Overall healthAuto-filled
Off track
StageAuto-filled
Execution
Forecast finishAuto-filled
⁦2027-08-03⁩

The PM’s comment on the statusFilled by the project manager

The variance from the baseline stands because of late integrations; the corrective plan is running and followed weekly.

Prefilled from the September 2026 card — edit it if it changed

3Risks and impedimentsAuto-filled

CodeRiskScoreOwner
RSK-0034Unforeseen ground conditions and groundwater at the foundations of axes 12 to 1620Eng. Ahmed Y. Asiri
RSK-0035Pile lengths exceeding contract quantities12Eng. Ahmed Y. Asiri
CodeImpedimentSeverity
ISS-0123Excavation at axis 14 stopped by groundwaterHigh

4Support requested

What the project needs from leadership or the committeesFilled by the project manager

Approve change request CR-2026-012 for three integration engineers (SAR 49K), and the Secretary-General to press the NIC on the Nafath environment.

Prefilled from the September 2026 card — edit it if it changed

Includes financial supportAuto-filled
Yes

Approval logChain: Periodic update 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—⁦2026-10-26⁩ 13:52
2PMO checkMethodology reviewApproval enginePMO — analystPre-breach alert—⁦2026-10-28⁩ 08:00

Signatures

PMO check

Ghada A. Al-Shahrani

Awaiting decision

Sponsor review & approval

Sarah A. Al-Qarni

Later

Financial support requested

Munirah A. Al-Khalidi

Later

Issued from Munjaz — Riyadh Chamber · ⁦2026-10-28⁩Form RC-PMO-F07 · version V1

Periodic update card

Prints the form and its approval log on A4.

Project status card

Approval path

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

The chain in the approval engine

Chain: Periodic update approval · version ⁦1⁩

Submitted by Eng. Ahmed Y. Asiri on ⁦2026-10-26⁩

  1. Methodology review

    PMO check

    Ghada A. Al-Shahrani · PMO — analyst

    Delegated to Dr. Noura M. Al-Otaibi

    Due todayAction time limit about to lapse · Limit 2 working daysLimit 2 working days · Due ⁦2026-10-28⁩

    Pre-breach alert at ⁦60%⁩ — sent ⁦2026-10-28⁩

  2. Technical acceptance

    Sponsor review & approval

    Sarah A. Al-Qarni · Project sponsor

    Limit 2 working days · Expected by ⁦2026-11-01⁩

  3. Financial approval

    Financial support requested

    Munirah A. Al-Khalidi · Finance

    On the path because: Financial link?

    Delegated to Khalid N. Al-Mutairi

    Limit 2 working days · Expected by ⁦2026-11-03⁩

Previous versions

Every version is kept with its status and what changed.

  1. V1In approvalCurrent⁦2026-10-26⁩

    The card as the PM filled it

    • Prefilled from the previous period’s card and the live data

    Eng. Ahmed Y. Asiri

Only one version so far.

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