Saudi Cayan Group to invest USD844m in new projects

13 Apr 2015

(MENAFN) Cayan Group, the Saudi real estate developer, announced starting up three new projects with an estimated value of about USD844 million, Arabian Business reported.

The first project is called Cayan Cantara, which is a residence and hotel apartment project situated on the sideways of Dubai’s Umm Suqeim Road. The project is in partnership with Shuaa Capital.

The second project is called Samaya, which is a master plan development project on a plot of one million square meters. The third is CM1, which is a commercial building that includes retail elements.

“We are extremely pleased to launch our upcoming projects, Cayan Cantara in Dubai and CM1 and Samaya in Riyadh,” the president and acting chairman of Cayan Group said.

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