Cayan and ALInma partner up for Riyadh-based project
Cayan Group and ALInma Investment signed a real investment fund deal for a new mixed-use project to be located in Riyadh. Cayan aims to take on the role of the main developer of the project.
Saleh Alhenaki, CEO of ALInma investment, said: “Riyadh’s property market is witnessing rapid growth bringing with it increasing demand for real estate units, thus attracting real estate investors from the region and outside. We are pleased to be collaborating with Cayan Group on this project which we believe will constitute a compelling investment opportunity that will generate value for investors, Along with our strong relation with Cayan Group, we will announce other master projects around the Kingdom.”