SO-2.4 · Empower entrepreneurship, SMEs and employment
Entrepreneurship centre with the Riyadh Region Municipality
The entrepreneurship centre and co-working spaces on land allocated by the Riyadh Region Municipality, with utilities brought to it.
Initiative weighted progress
43.4%
Projects’ contribution × progress, plus the other work’s share × its progress
Linked projects’ progress
33.0%
Σ contribution × progress, projects only
Contributions assigned
100%
Complete and approved
Primary projects’ budget
11.9M
1 primary project
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 | |
|---|---|---|---|---|---|
| Entrepreneurship Centre & Co-working Spaces — with the Riyadh Region Municipality PRJ-2026-034 | Primary | 80% | 33% | 26.4% | |
Non-project work Land allocation and utilities from the Riyadh Region Municipality | Other work | 20% | 85% | 17.0% |
Linked projects’ progress
Σ (contribution × progress) = 26.4% points ÷ shares counted 80% = 33.0%
Initiative progress
(26.4% points from projects + 17.0% from other work) ÷ 100% = 43.4%
Scope, outputs & phases
As approved with the initiative: what is in scope, what it delivers, and its delivery phases on the timeline.
Scope
The entrepreneurship centre and co-working spaces, with the Riyadh Region Municipality providing land and utilities.
Outputs
- An entrepreneurship centre with 300 co-working seats
- An operating agreement with the municipality
Delivery phases
Land and utilities
2025-07-06 — 2026-03-31
Construction
2025-10-01 — 2027-08-31
Opening
2027-09-01 — 2027-09-30
Today · 2026-10-28
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 185Target 200businessesAttained 93%
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: Entrepreneurship Centre & Co-working Spaces — with the Riyadh Region Municipality
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
14.6%
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
80%
Its contribution to «Entrepreneurship centre with the Riyadh Region Municipality»
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.
- Ghada A. Al-ShahraniGhada A. Al-ShahraniDirector, Entrepreneurship & Young BusinesspeopleP-029g.alshahrani@chamber.sa
Possible riskMediumOpen
Weak demand for paid seats in the first year
Response: Subsidised packages for Fast Track start-ups
Highest risks of the linked projectsRisk register
Deviation
Budget: projects total SAR 11.9M against the estimate SAR 12.5M
Schedule: last project ends 2027-09-28 against the initiative end 2027-09-30
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.