Riyadh Chamber of Commerce & Industry
Project charter
Entrepreneurship Centre & Co-working Spaces — with the Riyadh Region Municipality
APPROVEDV2Approved 2025-07-04
1Project identity
Required at this stage- Project name
- Entrepreneurship Centre & Co-working Spaces — with the Riyadh Region Municipality
- Project code
- PRJ-2026-034
- Project sponsor
- Eng. Turki A. Al-AnaziEng. Turki A. Al-AnaziExecutive Director, Training & Employment CentreP-010t.alanazi@chamber.sa
- Project manager
- Eng. Ibrahim A. Al-GhamdiEng. Ibrahim A. Al-GhamdiDirector, Engineering Supervision of Construction ProjectsP-036i.alghamdi@chamber.sa
- Project owner
- Eng. Abdulrahman S. Al-HarbiEng. Abdulrahman S. Al-HarbiDirector General, Training & EntrepreneurshipP-014ab.alharbi@chamber.sa
- Portfolio & programme
- New Headquarters & Investment Assets PortfolioNew Headquarters & Investment Assets Programme
- Type & methodology
- Infrastructure · Construction
- Current phase
- 4Execution
2Background & rationale
Required at this stageA centre for entrepreneurs with co-working spaces on land allocated by the municipality, which brings in the utilities and access roads.
3Objectives
Required at this stage- 1Empower entrepreneurship, SMEs and employment
- 2The chamber’s services across Riyadh city and its governorates
Serves the strategic objectives:SO-2.4Empower entrepreneurship, SMEs and employmentSO-2.3The chamber’s services across Riyadh city and its governorates
4Scope
Required at this stageIn scope
- A centre for entrepreneurs with co-working spaces on land allocated by the municipality, which brings in the utilities and access roads.
- Saudi Building Code compliance
- An approved plan to keep member services and training running during the works
Out of scope
- Operation and maintenance after the warranty period
- Work outside the approved site or system boundary
5High-level requirements
Required at this stage- 1Saudi Building Code compliance
- 2An approved plan to keep member services and training running during the works
- 3Civil-defence requirements
6Deliverables
Required at this stage| 1 | Project management plan | 2025-08-06 |
| 2 | Main deliverable — stage 1 | 2026-08-11 |
| 3 | Main deliverable — final stage | 2027-05-13 |
| 4 | Final report | 2027-08-31 |
7Key milestones
Required at this stage- Charter approved2025-07-04
- Contract signed2025-11-09
- 50% of works complete2026-08-11
- Provisional acceptance2027-06-29
- Closure2027-08-31
8Budget
Required at this stage- Main contract72.0%8.6M
- Supervision & consulting14.0%1.7M
- Internal team9.0%1.1M
- Contingency reserve (5%)5.0%595K
The owning sector’s approved budgetTotal11.9M
9Timeline
Required at this stage10Key risks
Required at this stage- HighMunicipality late bringing utilities and access roads to the site
11Constraints
Required at this stage- Stay within the approved budget
- Comply with the Government Tenders & Procurement Law
12Assumptions
Required at this stage- Named internal staff available throughout
- Approvals land within the workflow’s action time limits
13Stakeholders
Required at this stage- Project sponsorDecisions and funding
- Project ownerAccepts deliverables, owns benefits
- Project Management Office (PMO)Governance and compliance
14Success criteria
Required at this stage- 1Delivered within the approved budget
- 2On the approved date ±5%
- 3Target benefits within 12 months
15Governance structure
Required at this stage- Change CommitteeApproves scope, cost and schedule changesWeekly
- PMO CommitteeMethodology compliance, data quality, stage gatesFortnightly
- Project management teamDay-to-day control, risks, impediments, the periodic update cardWeekly