Cayan Group Acquires Off-Plan Permits for Samaya
Cayan: “Samaya offers the best location for land in Riyadh”
Cayan Group, the leading property developer in the Middle East, is to launch Samaya Project in the prime area of Erga, northwestern Riyadh. Spread on 1 million square meters, the billion-riyal project is set to become the ultimate residential destination, offering integrated services in Wadi Hanifah, one of the most attractive spots in Riyadh.
Cayan Group has obtained all official permits required to proceed with the project, including the off-plan permit from the Ministry of Commerce and Industry. Further, off-plan residential land plots have been reserved for Cayan´s VIP clients at this initial stage.
Ahmed Alhatti, chairman of Cayan Group said: “Samaya addresses market needs for high-end residential compounds that offer integrated services for the residents of Riyadh.”
“Such prominent developments support the Saudi economy and drive property investment across the Kingdom,” he added.
Cayan is very proud to introduce this leading project in Riyadh. For the first time, it is possible to develop residential villas with fantastic views in Riyadh.
Samaya is a strategic residential suburb that features an impressive location contiguous to lavish residential compounds such as the Diplomatic Quarter, and boosts vital facilities designed to the highest engineering and urban planning standards.
Ahmed Alhatti emphasized that Cayan Group is determined to be aligned with the Saudi government´s vision for diversifying the economy and attracting foreign investment through creating world-class property development projects that enhance the quality of life for the residents and set an example for environmental sustainability.
Construction work will commence soon, offering comprehensive infrastructure services including water and electricity connections and other major facilities. Samaya consists of residential and commercial units, schools, nurseries, mosques, sports clubs, parks, green spaces, water fountains, farms, pedestrian paths, jogging and cycling tracks, as well as many other entertainment facilities.
Erga, the homeland of the project, is a one of the most luxurious areas, featuring breathtaking mountains, planes, and amazing parks. Samaya will be developed in Wadi Hanifa, one of the longest open parks in Erga spread over 80 kilometers.
Designed by Consolidated Consultants Group, Samaya project received the Best Mixed Used Project Award for 2013 by International Property Awards Arabia.
Samaya is one of the mega projects recently announced by Cayan Group in line with its strategy of achieving an international status.