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Ahmed M Alhatti
70

Ahmed M Alhatti

President, Cayan Group
Rizwan Sajan
Burak Kizilhan

Construction giant, Cayan Group, recorded 27% profit on its revenues in 2015. With headquarters in Saudi Arabia and the UAE, the company consists of various business units, such as Cayan International Real Estate Investment and Development, Cayan Homes Real Estate Brokers, Cayan Community Management, Cayan Hospitality, and Cayan Assets.

Independently and through partnerships, Cayan has a footprint in industries such as project development, project management, engineering, and facilities management.

Company officials told Construction Week that Cayan’s budget includes spend worth $105,628 (AED387,967) to implement an employee training programme this year.

Best known for its ‘twisting’ 75-storey residential high-rise, Cayan Tower, in Dubai Marina, the group has expanded its development portfolio, and is preparing to deliver numerous projects over the next year.

Among these is Dubai’s Cayan Cantara, which comprises luxurious freehold residential and hotel apartments, and Riyadh’s CMC, which features infrastructure, retail shops, and 10 floors of corporate offices that can be rented or purchased.

Cayan Group is also developing Samaya, a 100ha residential master development in Riyadh, and the La Mairena project in Spain.

The UAE is Cayan Group’s largest market in the Middle East, followed by Saudi Arabia and Lebanon. Ahmed M Alhatti, president and chairman of the board of Cayan Group, said the company is eyeing expansion into Europe, where it is in the process of finalising new projects.

Alhatti said that property demand “is on a continuous rise” in Saudi Arabia, adding that now is the “perfect time to invest” in the kingdom’s real estate sector.

He continued: “Cayan Group is currently studying a grand opportunity in the region. The project will be a mixed-use complex, which will include different components, such as residential, commercial, hotel, and retail. It is still under study and consideration, and we are hoping to announce it soon.”

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Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the
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The Middle East construction industry’s approach to tech must evolve and focus on how can

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 764
May 31, 2020