Cayan Group ranked 10 among the Top 50 GCC Developers by Construction Week
Cayan Group, led by Ahmed Alhatti, has earned the rare distinction of developing the highest twisted tower in the world — the Cayan Tower in Dubai Marina.
The project was delivered in June 2013, spans a total built up area of 11.9ha, and is worth $326m. The developer, which has operations in Saudi Arabia and the UAE, delivered another project in Riyadh this year, named Layaly Compound, which has a built-up area of 2ha and is valued at $27.2m.
Cayan Group earned an operating profit of $27.2m in 2014 and plans to deliver three more projects by 2018: in 2016, Samaya, a master development covering 80ha in Riyadh; in Q3 2017, the CMC Business Center in Riyadh, a project worth $35.3m; and in Q4 2018, Cayan Cantara in Dubai, worth $272m.
Ahmed Alhatti, president and chairman of Cayan, tells Construction Week: “We always work hard to make sure that our projects turn out to be unique within the communities.”