Structural package completed mixed-use commercial tower in Riyadh

Riyadh,12th June 2016

Cayan Group, the leading property developer in the Middle East's ongoing mixed-use commercial tower in Riyadh is nearing completion, ahead of schedule. The CMC Tower located in Riyadh, on King Fahad Road is 14 stories tall. The total cost of the CMC Tower is budgeted at SAR 100 million.

Currently, construction of the CMC Tower is progressing at a steady rate and ahead of schedule. Usually, a tower of this stature consisting of three distinct phases or packages--the enabling, structural and finishing packages--of development takes a period of 24 months for completion.

Both the enabling and structural packages of the CMC Tower have been completed ahead of schedule within 3 and 6 months respectively. The structural package was awarded to and completed by Al Bawani Co. The finishing package is now about to be awarded.

"Credit has to be given after God, to Cayan's qualified team of professionals and the Al Bawani Co for working together to complete the structural work ahead of schedule. This signifies great teamwork, planning, and communication on all sides. We are proud of this, and are thrilled at the prospect of an early completion of the entire CMC Tower,'' commented Mr. Ahmed Alhatti, Chairman of Cayan Group.

The CMC Tower will feature a folded wall, an iconic screen for advertising purposes, and simple geometry when completed.

-Ends-

About Cayan Group
Cayan Group is a leading international property developers and real estate investment group from the Middle East. The group has offices in Riyadh, Saudi Arabia and Dubai, UAE, and is known in the region for their beautiful and unusual buildings. The Group's buildings have also gained international recognition and acclaim. Begun in 2004, the Group's development portfolio now features high rise buildings, which include residential complexes, commercial towers and centres, hospitality projects and multi-purpose gated communities. For more information, please visit: www.cayan.net/

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