Cayan Development Established As One Of The World´s Fastest Growing Companies By The World Economic Forum
Cayan has been selected to become one of only 125 members of the World Economic Forum New Champions
Cayan Investment and Development has become one of only 125 founding members of the Global Growth Company (GGC) Community a new group established by the World Economic Forum (WEF), under the name New Champions .
Cayan was qualified to become a Global Growth Company as it has built up a portfolio of world class projects over the past four years with a total value in excess of AED 6 billion and has demonstrated leadership in its field by winning prestigious international awards for its iconic Infinity Tower project in Dubai.
Cayan chairman Ahmed Al Hatti has just returned from the inaugural annual meeting of the group in Dalian, China, which was attended by more than 1700 participants on an exclusive by invitation basis.
He was one of a number of invited guests including international government leaders, with a strong representation from the Chinese government, mayors of the world s most competitive cities, governors from the world s fastest growing regions and states, leaders of the Web 2.0 world and some of the most remarkable leaders under the age of 40 from WEF s Community of Young Global Leaders.
A select group of business leaders with extensive international experience in building global businesses were mentors at the annual meeting in Dalian, including Craig R. Barrett, Chairman of the Board, Intel Corporation; Samuel A. DiPiazza Jr, Global CEO, PricewaterhouseCoopers; H.E. Mohammad Al Gergawi, Minister of State for Cabinet Affairs of the United Arab Emirates and Executive Chairman, Dubai Holding; Jiang Jianqing, Chairman of the Board, Industrial and Commercial Bank of China; William R. Rhodes, Chairman, President and CEO, Citibank NA; Ben Verwaayen, CEO, British Telecom; Wang Jianzhou, Chairman and CEO, China Mobile Communications Corporation and Yang Yuanqing, Chairman of the Board, Lenovo Group.
Global Growth Companies are businesses that have demonstrated a clear potential to become leaders in the global economy based on such factors as a company s business model, growth record, leadership and the markets it serves. Some of the typical indicators of these companies are:
Are expanding outside their traditional boundaries
Experience strong growth rates
Have revenues typically between US$ 100 million and US$ 5 billion
Have demonstrated leadership in a particular industry
Have an outstanding executive leadership
CEO´s of the next generation of companies positioned to become the industry leaders of tomorrow
Forum Member CEOs, who lead the world´s most influential global corporations today
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.
Incorporated as a foundation in 1971, and based in Geneva, Switzerland, the World Economic Forum is impartial and not-for-profit; it is tied to no political, partisan or national interests. The World Economic Forum is under the supervision of the Swiss Federal Government.
The international award-winning Infinity Tower is being developed by Cayan Investment and Development. Over the past four years the company has developed several other residential projects at Dubai Marina, namely La Residencia Del Mar, which is now a completed project, Dorrabay, The Jewels and Silverene Towers. Cayan has also recently launched the Lamar project, a one of kind 7 star luxury project on the Red Sea in Jeddah.