Cayan Group expands into Europe
Cayan Group, one of the Middle East’s leading real estate developers, is making its foray into Europe, commencing with an alliance with Spanish real estate developer, Sarena. The partnership will witness the two companies jointly develop a project in Costa del Sol which is situated in Marbella in Spain.
With this union, Cayan Group initiates its ambitious expansion plan into European markets as it aims to expand into new regions, predominantly in the European belt.
Commenting on the developments, Ahmed Alhatti, President and Chairman of Cayan Group, said: “Although our absolute priority is the development of strategic projects within [KSA where] we will be announcing multiple projects soon, developing projects in Europe is a strategic decision that was made at the first place to serve our clients better and offer them a variety of options that will cater to their needs. Secondly, this decision comes as a proof of the ability of Cayan Group to stand out in the most competitive markets. Partnering with the notable Sarena Group has a special importance to us and we are positive that this project will achieve a huge success.”
Sarena was founded in Marbella in the early 80s. After developing a front line beach project in Marbella called Coral Beach, Sarena established La Mairena by acquiring 2,000,000 sqm of land in the hills above Marbella.
Founded in 2004, Cayan Group-Real Estate Investment and Development’s portfolio includes a number of leading projects in the UAE and Lebanon, the most prestigious of which is the Cayan Tower in Dubai, officially declared by the Guinness World Records in 2015 as the globe’s tallest twisted tower standing at 307 meters high.
To stay on top of the latest real estate news, subscribe to Cityscape Magazine.