16 January 2017

CAYAN Group, the leading property developer in the Middle East, has achieved its strategic business objectives and surpassed some of the tactical objectives for the year 2016, making it yet another excellent year for the group. The group has announced SR 5.5 billion worth of ongoing projects in 2016.

Throughout 2016, Cayan Group surged ahead with planned projects and made steady progress in both construction and sales. In Riyadh, the CMC Tower’s enabling and structural packages were completed ahead of schedule in May within three and six months respectively. In addition, the group successfully launched Samaya project, a high-end mixed-use development located in a very primary area in Riyadh and the project is currently in the midst of the enabling stage.

In Dubai, the group launched the Cayan Arjaan Hotel Apartments in November at a press conference, during which it revealed that the residential tower of the Cayan Cantara project would also be managed and operated by renowned hospitality brand Rotana under their ‘Residences’ badge. Sales of units in both the Samaya project in Riyadh and Cayan Cantara in Dubai have been remarkable with each averaging 50% sold, which leave us with a positive outlook for 2017.

Throughout the course of the year, Cayan Group was honored with numerous industry accolades and awards. The group was honored by Forbes Middle East as one of the ‘Top Real Estate Companies in The Arab World’ and as one of the ‘Top 50 GCC Developers in 2016’ by Construction Week magazine. Cayan Group was also bestowed the top spot in the 2015-2016 Arabian Property Awards in the ‘Office Development’ and ‘Mixed-use Development’ categories for the CMC Tower and Cayan Cantara respectively. Other accolades include the “Most Innovative Leading Property Developing Brand, KSA” by Global Brands Magazine Awards 2016. In addition, Cayan Group received “The Majestic Falcon Award for Quality & Excellence” by Otherways Management & Consulting.

“The general fluctuation in economic conditions in the Gulf region, and in particular in Saudi Arabia, has thrown some challenges our way too but these have not had a lasting or deep effect on our plans. Challenges are neither a phenomenon or a permanent setback; they can be rectified through planning and preparation,” noted Ahmed Alhatti, Chairman & President of Cayan Group. “However, the one area where we have experienced some difficulty in 2016 is in recruitment as attracting qualified personnel remains a challenge in the Kingdom,” surmised Alhatti.

“A source of inspiration for us all has been Saudi’s Vision 2030. The government’s plans have provided a roadmap to guide our decisions and directions. One of these is the development of local talent which we will pursue vigorously in 2017. This is true for most of the countries in the GCC that are following economic diversification and local talent-pool development plans—it is a great time to make an impact and a difference,” said Alhatti.

To address this concern, Cayan Group is formulating a new strategy to retain, attract, and train the best workers in 2017 by investing in employee skill development, creating alliances with relevant institutions, and offering internships to recent graduates.

Complementing the strategy on staffing, Cayan Group also intends to focus on developing new methods to improve customer care and to show loyalty and exceptional service for existing and potential clients alike. Cayan Homes, through it’s unique range of innovative, holistic real estate services, will continue to provide customers with the best brokerage services, as well as protecting their interests by giving them exclusive opportunities with preferential rates for the upcoming Cayan Group projects.

Another area that Cayan Group hopes to delve deeper into is in their CSR arm, Cayan Foundation.

© The Saudi Gazette 2017