Built to inform

Sign up for the daily newsletters

No, Thank you

Cayan’s CMC Tower goes on sale at Riyadh expo

The CMC Tower, a multi-use, integrated commercial complex under construction in Riyadh, features luxury offices, a gym, conference rooms, high-speed elevators, and a retail floor, among other facilities

HRH Prince Turki Bin Abdulla Bin Abdulaziz was among those who visited the Cayan stand at the World Luxury Expo.
HRH Prince Turki Bin Abdulla Bin Abdulaziz was among those who visited the Cayan stand at the World Luxury Expo.

Saudi Arabia-headquartered property developer, Cayan Group, has reported having had a successful showing at the World Luxury Expo, an event that ran from 3 - 5 May, 2017, in Riyadh.

In a statement, the company said that it featured its developments in both Saudi and the UAE at the exhibition, including the CMC Tower, which went on sale for the first time.

The CMC Tower is a multi-use, integrated commercial complex under construction in Riyadh. Located on King Fahed Road, it features luxury offices, a gym, conference rooms, high-speed elevators, and a retail floor, among other facilities. 

In addition to the CMC Tower, Cayan Group’s Samaya, a one million-square-metre residential project, also located in Riyadh; and Cayan Cantara, a development in Dubai that consists of branded residences and hotel apartments, were featured at the exhibition.

According to the company, all three properties recorded enormous interest from buyers and visitors, and logged significant sales. 

Commenting on the company’s performance at the expo, Ahmed Alhatti, chairman of Cayan Group, said: “Our stand was well-received by the visitors at the exhibition. We are thrilled to have achieved an amazing record of sales during the expo, where our loyal customers availed of our guaranteed 8% annual returns, [and to have received] high interest in the CMC project, which went on sale for the first time. 

“We also maximised our participation by networking with like-minded, ultra-luxurious brands on possible future joint ventures and walked away with some potential leads that could materialise. All in all, it was a very successful participation for us.’’ 

Cayan Group also used the event as a platform for a charity initiative it organised in collaboration with the Patients’ Friends association. The initiative involved visitors to the Cayan stand affixing their signatures on a board. Against every signature, a monetary amount was contributed through the Cayan Foundation.

The company noted that HRH Prince Turki Bin Abdulla Bin Abdulaziz and Saudi football legend, Sami Al Jaber, were among those who supported the initiative, having placed their signatures on the board when they visited the Cayan stand.

Most popular

Awards

Go for gold at the 15th Construction Week Awards in December 2019!
Winners will be crowned under 14 categories at a gala ceremony in Dubai – are

Conferences

Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power
Leaders Kuwait 2018: New Kuwait 2035 needs smart city-led contracts
Localisation and contract modernisation are essential for Kuwait's diversification strategy

Latest Issue

Construction Week - Issue 741
May 11, 2019