Saudi Kayan Group has unveiled its new project located in Abhar Waterfront in Jeddah. The project is located in an area of 140,000 square meters, at a cost of SAR 1.2 billion. The project includes two towers, one of which is a five-star luxury branded hotel and the other is a luxury residential apartments, which is another step for Kayan Group in the hospitality sector in the Middle East region, demonstrating its commitment to investing in developing sectors in Jeddah and beyond.

At the MIPIM exhibition in Cannes, France, Kayan presented information on the details of the project, and officially announced the contract with Nikken Seki to design it. Attending the MIPIM real estate development exhibition in Cannes, France, Cayan Saudi Arabia provided information about the details of the project and officially announced its contract with Nikken Seki to design it, as Cayan had previously worked with them on the Cayan Kantara project in Dubai, UAE.

The company's President, Mr. Abdulrahman Bin Rashid, secured the company's commitment to invest in the growing sectors in Jeddah and beyond.

For his part, Ahmed Al Hatti, Chairman of the Group, believed in the strength and durability of the national economy, by being part of pushing the economic wheel and feeding the Saudi real estate sector with high-quality projects and creative designs.“

Tatweer Al Hatti said. <It is worth noting that the development of the mixed-use project in Jeddah comes to take advantage of this recent growth and development in line with the Saudi Vision 2030. The real estate and hospitality sector is a key driver of economic growth in the Kingdom, making it a resilient sector that provides a good overall return on investment.