(MENAFN) Cayan Group, the real estate developer, announced that it is developing projects worth USD326 million in Dubai and Riyadh this year, Arabian Business reported.
In Riyadh, Cayan Group said it has acquired a prime commercial plot along King Fahed Road in Riyadh where work on a state-of-the-art office building will soon begin, while in Dubai it will be working on an upscale residential and hotel apartment towers.
"The strategic land purchases as well as our upcoming landmark projects in Dubai and Riyadh form part of our comprehensive plans for 2015. Our new undertakings at the start of the year are fully aligned with the booming hospitality, residential and office sectors in both cities," president and chairman of Cayan Group said.
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