Cayan signs alliance for new project in Riyadh
Design consultants, Khatib & Alami (K&A), has been engaged as the main consultant of the project in Riyadh
Saudi based Cayan Group collaborated with KSA based partners, Al Ajlan Holding and Al Saeed, for a new mixed-use development in the North of Riyadh, estimated at around $266m (SAR1bn).
Renowned design consultants, Khatib & Alami (K&A), has been engaged as the main consultant of the project.
Abdulrahman Al Ajlan, chairman of Al Ajlan Holding Group and Ahmed AlSaeed, chairman of Al Saeed Group, said: “The three groups have been working on this partnership for a while, and have established it for the purpose of implementing a project on a par with the level of such an alliance and in line with the highest standards required by the clients in Riyadh. Cooperating with Cayan Group as a partner and master developer of the project is an asset that will give added weight to the project, given its significant experience in the field.”
In the same context, Ahmed Alhatti, president and chairman of Cayan Group, said: “This strategic alliance with leading investment groups is a new strategic dimension for Cayan, and we believe that this collaboration is an extension of the success we have achieved, and we look forward to developing a project in line with our clients aspirations.”
Founded in 2004, Cayan Group-Real Estate Investment and Development is an international real estate investment and development group supported by an extensive network of offices in Saudi Arabia and the UAE.