ayan Group, led by Ahmed Alhatti, has earned the rare distinction of developing the highest twisted tower in the world — the Cayan Tower in Dubai Marina.
The project was delivered in June 2013, spans a total built up area of 11.9ha, and is worth $326m. The developer, which has operations in Saudi Arabia and the UAE, delivered another project in Riyadh this year, named Layaly Compound, which has a built-up area of 2ha and is valued at $27.2m.
Cayan Group earned an operating profit of $27.2m in 2014 and plans to deliver more projects by 2018: in Q3 2017, the CMC Business Center in Riyadh, a project worth $35.3m; and in Q4 2018, Cayan Cantara in Dubai, worth $272m.
Ahmed Alhatti, president and chairman of Cayan, tells Construction Week: “We always work hard to make sure that our projects turn out to be unique within the communities.”