SO-2.3 · The chamber’s services across Riyadh city and its governorates
New headquarters & investment assets
The chamber’s new headquarters in north Riyadh, the investment building on King Fahd Road and the chamber conference & exhibition hall.
Initiative weighted progress
42.6%
Σ each project’s contribution × its actual progress, over the shares that count
Linked projects’ progress
42.6%
Σ contribution × progress, projects only
Contributions assigned
85%
15 points short of 100%
Primary projects’ budget
102.3M
3 primary projects
Linked projects and their contributions
Strategy management approves each share; every change is kept in the initiative’s history
| Project | Link | Contribution | Actual progress | Contribution × progress | |
|---|---|---|---|---|---|
| The Chamber’s New Headquarters Building PRJ-2026-002 | Primary | 60% | 42% | 25.2% | |
| The Chamber’s Investment Building — Business Tower on King Fahd Road PRJ-2026-020 | Primary | 25% | 44% | 11.0% | |
| Chamber Conference & Exhibition Hall — Phase 1 PRJ-2026-021No approved share yet | Primary | No share | 2% | — |
Linked projects’ progress
Σ (contribution × progress) = 36.2% points ÷ shares counted 85% = 42.6%
Initiative progress
The initiative runs wholly through its projects, so its progress is theirs: 42.6%
Shares add up to 85%, not 100%.A proposed or cancelled project, or one with no approved share, is left out; a suspended one follows the rule set on the project weight model.
Scope, outputs & phases
As approved with the initiative: what is in scope, what it delivers, and its delivery phases on the timeline.
Scope
The new HQ in north Riyadh with its conference & general-assembly hall, the investment building on King Fahd Road and the conference & exhibition hall — phase 1.
Outputs
- The new headquarters
- The Business Tower
- The conference & exhibition hall
Delivery phases
Headquarters
2024-03-03 — 2027-09-12
Business Tower
2024-06-02 — 2027-08-03
Conference & exhibition hall
2026-04-05 — 2028-12-31
Today · 2026-10-28
Awaiting approval
Share proposals strategy management has not approved yet; they do not count until approved
Chamber Conference & Exhibition Hall — Phase 1None15%
Set the conference & exhibition hall’s share now its charter is approved; it brings the initiative to 100 %
Proposed by Eng. Ahmed Y. Asiri · 2026-10-22
Impact KPIs & benefits
Measured apart from delivery progress: an initiative can be well advanced with no impact yet, and the other way round
Impact KPIs
The strategic KPIs the initiative moves
Actual 73Target 85%Attained 86%
Actual 48Target 60hallsAttained 80%
Benefits
Benefits registered for its projects, planned vs realised
No benefits registered for these projects yet; they are recorded at closure and handover.
These KPIs and benefits do not enter the weighted progress above, and progress does not enter them.
Three separate measures
An example from this initiative: The Chamber’s New Headquarters Building
1Deliverable weight in the project
38.0%
Weight of «Civil works» among its deliverables
Deliverable weights add up to 100% inside the project; it progresses as they are accepted.
See where it comes from2Project weight in the portfolio
18.3%
Its relative weight in New Headquarters & Investment Assets Portfolio
Set by the project weight model; it feeds portfolio progress: relative weight × actual progress.
See where it comes from3Contribution to the initiative
60%
Its contribution to «New headquarters & investment assets»
Approved by strategy management; it feeds this initiative’s progress only.
Each is set in its own place and moves neither of the others: changing a deliverable’s weight touches neither the project’s portfolio weight nor its contribution.
Risks, obstacles & deviations
The initiative’s own risks and obstacles, the highest open risks of its projects, and the budget and schedule deviation.
- Eng. Ahmed Y. AsiriEng. Ahmed Y. AsiriDirector, Construction Projects & BuildingsP-020a.asiri@chamber.sa
Obstacle in the wayHighOpen
The HQ site’s northern plot handed over late
Response: Escalate to the Riyadh Region Municipality and resequence zones 3 and 4
- Eng. Ibrahim A. Al-GhamdiEng. Ibrahim A. Al-GhamdiDirector, Engineering Supervision of Construction ProjectsP-036i.alghamdi@chamber.sa
Possible riskHighBeing treated
Groundwater at the Business Tower site raising foundation cost
Response: Permanent dewatering and a foundation redesign within the contingency
Highest risks of the linked projectsRisk register
- 20Steel and concrete price rises driving price-adjustment claimsPRJ-2026-002
- 20Late handover of the northern plot and utility diversions in zones 3 and 4PRJ-2026-002
- 20Unforeseen ground conditions and groundwater at the foundations of axes 12 to 16PRJ-2026-020
- 16Contractor claim for a 120-day extension with compensationPRJ-2026-002
Deviation
Budget: projects total SAR 102.3M against the estimate SAR 100M
Schedule: last project ends 2028-12-31 against the initiative end 2028-12-31
Approval & change log
This item’s definition as approved in the plan version in force, and every change request on it with the old and proposed values and the decision.
No change requests on this item since the plan was approved.