MunjazStrategy & projects
MunjazPMO PLATFORMProposal
Project proposal & feasibility study
Justification, objectives, benefits, cost and initial risks
- Form no.
- PSA-PMO-F01
- Template edition
- 2.1
- Version
- V1
- Form date
- 2026-03-04
Auto-filled — Filled by the platform from the project record, not typed.
- Proposal no.
- DMD-2026-002
- Proposal
- Homs old souq reconstruction
- Portfolio
- Reconstruction & Infrastructure Portfolio
- Sector
- Statistics Sector
- Sponsor
- Eng. Wassim Al-Azm
- Proposed by
- Dr. Firas Al-Obaid
1The proposalAuto-filled
- TitleAuto-filled
- Homs old souq reconstruction
- Proposed byAuto-filled
- Dr. Firas Al-Obaid
- DepartmentAuto-filled
- National Accounts & Prices Directorate
- Submitted onAuto-filled
- 2026-03-04
- Proposal numberAuto-filled
- DMD-2026-002
2Justification
The problem or need
Homs old souq and its covered markets were damaged; hundreds of craft and trade shops closed and their owners moved to the city’s edges.
Today
62% of the shops are closed, the stone roofs of three markets are at risk of collapse, and most of the souq has no working power or drainage.
3Objectives
- Rebuild the souq in phases while keeping its heritage character, and reopen 80% of the shops within three years.
Strategic objectives served
- SO-1.1 — Stimulate growth, restore production and attract investment
- SO-3.1 — Better access to health and education
4Expected benefits
| Kind | Benefit |
|---|---|
| Revenue | Trade activity of about SYP 110M a month back in the souq |
| Productivity | 600 craftspeople back in their workshops |
| Compliance | A registered heritage site protected under the antiquities rules |
5Cost & feasibilityAuto-filled
Estimated cost
SYP 155M
Net present value
SYP 158.2M
Return on investment
95%
Payback
2.6 years
| Year | Capex | Opex | Benefit |
|---|---|---|---|
| 2027 | SYP 100M | SYP 0 | SYP 0 |
| 2028 | SYP 55M | SYP 15M | SYP 45M |
| 2029 | SYP 0 | SYP 15M | SYP 85M |
| 2030 | SYP 0 | SYP 16.3M | SYP 102.5M |
| 2031 | SYP 0 | SYP 16.3M | SYP 110M |
| 2032 | SYP 0 | SYP 17.5M | SYP 115M |
6Initial risks
| Risk | Level | Proposed response |
|---|---|---|
| Supplier delay in delivery or implementation | Medium | Delay penalties and a phased delivery plan |
| Complex old shop ownership and leases | High | A settlement committee with Homs Governorate before the works |
Approval logChain: Proposal & feasibility approval · version 4
Every decision on the form — who, their role, the note and the time. It prints with the form.
| # | Step | Kind | Name | Decision | Note | Date & time |
|---|---|---|---|---|---|---|
| 1 | Author | — | Dr. Firas Al-ObaidDeputy President, Statistics | Submitted | — | 2026-03-04 13:46 |
| 2 | Line manager endorsement | Technical acceptance | Eng. Lina Al-AttarThe requester’s line manager | Approved | — | 2026-03-05 09:30 |
| 3 | PMO review | Methodology review | Mariam Al-ZoubiPMO — analyst | Approved | — | 2026-03-09 10:37 |
| 4 | Portfolio manager review | Technical acceptance | Approval enginePortfolio manager | Pre-breach alert | — | 2026-09-17 08:00 |
| 5 | Portfolio manager review | Technical acceptance | Approval engineEscalated automatically to PMO — director (Dr. Reem Al-Qabbani) on 2026-09-21 | Automatic escalation | — | 2026-09-21 08:05 |
Signatures
Line manager endorsement
Eng. Lina Al-Attar
Approved2026-03-05
PMO review
Mariam Al-Zoubi
Approved2026-03-09
Portfolio manager review
Eng. Wassim Al-Azm
Awaiting decision
Cost & funding review
Rasha Al-Mudarres
Later
Project Approval Committee
Dr. Reem Al-Qabbani
Later