I am positive that economic change&opportunity will come sooner
A self-confessed perfectionist, Ahmed Mohammed Alhatti excels in the business of making landmarks across the region and beyond
Saudi businessman and visionary property developer Ahmed Mohammed Alhatti pins his success on his desire for perfection, even though, as he confesses, it is an obsession that can often be impractical.
This quest for excellence and perfection saw him persevere for more than seven years – in the face of economic and construction challenges – on an iconic skyscraper project in Dubai, UAE, that went on to achieve fame as the tallest twisted tower in the world, as certified by the Guinness Book of World Records.
As President and Chairman of the Cayan Group, Alhatti is the inspiration behind its real estate projects across the region. Founded in 2004, Cayan Group Holding has high visibility through its iconic buildings and developments and handles investment, development and brokerage from its Riyadh headquarters and offices in Tecom, Dubai. Very much a man of action, in a little more than a decade, Alhatti has built Cayan into a leading Middle East developer.
Based in Riyadh, Alhatti is surrounded by a team of engineers, planners, and real estate professionals within a corporate/family culture committed to training, career development and a palpable ‘can-do’ approach to quality development.
The mastermind behind the $272-million Cayan Tower in Dubai, Alhatti received international acclaim for the construction of the 75-storey skyscraper designed by Skidmore, Owings and Merrill (SOM). One of the finest examples of modern architecture found anywhere in the world, the twisted tower was delivered to investors in 2013 as an innovative landmark of immense power and aesthetically, of implied kinetic energy.
Significant investments are being made by Cayan across a raft of developments such as the $1-billion investment allocated for three property projects in Riyadh and Dubai alone, with the flagship Samaya development already started near Riyadh’s Diplomatic Quarter. Cayan’s real estate footprint also extends to Jeddah and Lebanon, he tells Arabian Knight from his corporate offices in Dubai.
Cayan’s portfolio of high-end developments include residential complexes, commercial towers and centres as well as hospitality and multi-purpose gated communities. It continues to win accolades and awards regionally and internationally for quality, value and sheer architectural verve and the company was recently acknowledged by Forbes magazine as one of the top real estate companies in the Arab world and a company to watch.
Cayan’s projects are not for the faint-hearted but extraordinary in their scope, vision and ambition with the application of cutting-edge designs and building technologies. Alhatti is seeking to transform the landscape in a number of prime locations – from high-rise buildings such as the Cayan Tower to developments like the Samaya master-planned residential community in Wadi Hanifa in the Erga area of Riyadh, which addresses the demand for high-end residential compounds that provide integrated services.
Cayan has also announced a mixed-use project north of Riyadh with Khatib & Alami as the design consultant.
In these prime land areas of Saudi Arabia, the UAE, Lebanon as well as Marbella in Spain, Alhatti is bringing the very best talent, using contractors and world-class architects and designers that include SOM and Nikken Sekkei.
After the completion of the iconic 307-m-high twisted Cayan Tower (first known as the Infinity Tower), Alhatti has always looked ahead by assessing options for more projects in Dubai, Riyadh, Jeddah and beyond. “After the Cayan Tower everybody has been waiting to see what we will do. We always want to do something unique; we cannot just do an ordinary building anymore,” he says.
He continues: “Cayan has several projects in the pipeline but over the last few years we’ve been focusing on Saudi Arabia and launched the Samaya in April 2015. We have a two-tower project in Dubai, Cayan Cantara, which we launched last year and have started construction. In Riyadh, we have several projects including a 150,000-sq-m development north of the city; Samaya, which is about 1 million sq m; and the CMC office tower on King Fahd Road.
“Cayan Cantara is a luxurious residential and hotel apartments tower in Umm Suqeim designed by Nikken Sekkei while CMC is a sophisticated multi-use integrated commercial complex destined to become Cayan’s headquarters near the city centre.”
“We have just started a new project to the north of Jeddah which we are excited about. This will be a landmark development with two towers, offering residences and a luxury hotel. We have also just started a new project in London where we have just acquired a plot and this will be a new landmark destination combining residential and hospitality in two towers.