Saudi’s Cayan to launch $266m mixed-use project

Saudi's Cayan


By Paromita Dey

Saudi based developer Cayan Group is set to launch its Samaya project in Erga, north western Riyadh.

2Spread on 1 million sqm, the company said the $266m (SAR1bn) 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.

The company added that 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.” More info