Font Size

- Aa +

Fri 17 Jun 2016 10:46 AM

Font Size

- Aa +

Saudi's Cayan says $26m Riyadh tower nearing completion

CMC project will include luxury offices and facilities such as an advertising screen and a fitness centre

Saudi's Cayan says $26m Riyadh tower nearing completion
(Photo for illustrative purposes only)

Saudi-based developer Cayan Group has announced it is nearing completion of a mixed-use commercial tower in Riyadh, ahead of schedule.

The 14-storey CMC Tower is being built at a total cost of SR100 million ($26.6 million), the company said in a statement, adding that the project will be finished early.

It said both the enabling and structural packages of the CMC Tower have been completed ahead of schedule within 3 and 6 months respectively.

The company added that the structural package was awarded to and completed by Al Bawani Co while the finishing package is now about to be awarded.

"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," said Ahmed Alhatti, chairman of Cayan Group.

Formerly launched as CM1, CMC is a sophisticated business centre located on King Fahed Road in Riyadh, and will include luxury offices and distinctive facilities such as an advertising screen and a high tech fitness centre.

Founded in 2004, Cayan Group’s portfolio includes the Silverene Towers, Cayan Cantara, The Jewels, Dorrabay, Cayan Tower and Cayan Business Centre in the UAE.

The group’s Cayan Tower was officially declared by the Guinness World Records in 2015 as the globe’s tallest twisted tower standing at 307 metres high.

For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.