The consortium led by Kayan Group—which includes both Al-Ajlan and Al-Saeed Groups—plans to develop a new mixed-use project north of Riyadh, valued at up to one billion riyals. The long-established engineering consulting firm Khatib & Alami has been selected as the lead consultant for the project.

On this occasion, Mr. Ahmed Al-Hatti, Chairman of the Board of Directors of Kayan Group, said: “This strategic alliance with two of the leading investment groups, Al-Ajlan Holding and Al-Saeed Group, represents a new strategic dimension for Kayan Group. This collaboration builds on the successes we have achieved in the past and are achieving now, and we look forward to developing a project that aligns with the aspirations of our clients at Kayan Group.”

Sheikh Ahmed Al-Saeed, Chairman of the Board of Directors of Al-Saeed Group, and Sheikh Abdulrahman Al-Ajlan, Chairman of the Board of Directors of Al-Ajlan Holding, said: “This partnership, which was established between the three companies some time ago, has been developed to implement a project that matches the caliber of this alliance and meets the highest standards demanded by Riyadh’s elite clientele. This collaboration with Kayan Group, which serves as the project’s main partner and developer, is a distinctive addition that lends the project additional weight, given Kayan Group’s extensive experience in real estate development.”