This joint venture aims at making Cayan and Dorra Group the leading real estate developers by implementing an exclusive array of innovative projects much needed in the Egyptian market.
Commenting on the joint venture, Mr. Ahmad Al Hatti, Chairman of Cayan Investment and Development, said: "We are proud to give rise to this joint venture with Dorra Group which will result in tremendous success to both sides, knowing that it is not the first time Cayan puts hand together with Dorra Group, we expect impressive accomplishments and achievements."
Eng. Hassan M. Dorra - Chairman of Dorra Group - mentioned "we are delighted in associating ourselves with a company of such high reputation and prestige as Cayan that has proved its success over the years. The objective of this collaboration is to create unique and distinguished project in Cairo.
Cayan Investment and Development Company and Dorra group began their collaboration in early 2005 and the result was an immediate success, Dorrabay, one of UAE's prestigious Dubai Marina projects; in 2007 they jointly launched Silverene, two modern towers on Dubai Marina. This was the beginning of a radiant professional business relationship, which heads towards developing real estate projects in Egypt corresponding with the aggressive real estate expansion witnessed in the country.
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Cayan and Dorra Group, a joint venture between 2 pillars of investment and development
- Egypt: Wednesday, March 19 - 2008 at 17:05
- PRESS RELEASE
Cayan Investment and Development and Dorra Group of Companies, signed today their much anticipated joint venture within the Egyptian market at the Grand Hyatt Hotel of Cairo.
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About Cayan Investment & DevelopmentCayan is a regional player with presence in Dubai, Riyadh, Jeddah and now in Cairo with a portfolio of over $2.5bn. The company has developed several residential projects in Dubai, namely the recently completed La Residencia Del Mar, Dorrabay and The Jewels at Dubai Marina. The exquisite Infinity Tower which is the only 90 degree twisting tower in the world is also being developed at a prime location in Dubai Marina. It is also developing Cayan Business Centre, a freehold commercial tower in TECOM on Sheikh Zayed Road. In KSA, Cayan is developing the Lamar project, a one of its kind 7 star luxury project.
About Dorra Group
Originally founded in 1943, the Dorra Group has navigated its way to success and has flourished into a market leader within major fields such as; Real Estate Development and Investment, a diverse portfolio of industrial and governmental activities, Red Sea and Mediterranean Sea tourism investment and property development, cement production, an intricate series of strategic alliances and partnerships with International conglomerates of outstanding repute, and an overwhelming market reorganization or being the first Real Estate Developer to enter and embark on construction and property developments within Sheikh Zayed City of Cairo.
Thus, such accolades and distinction has launched the Dorra Group not only locally but respectably into international market, foremost within the Gulf and MENA Region, as a pioneer and a trusted name in the field of real estate.
Issued by Landmark PR & Event Management For press information please contact:
Nasry Abou Zaki
General Manager, UAE
Tel.: +971 4 3912141
Shadi Abou Assi
Associate Account Manager
Tel.: +971 4 3912142
Posted by Lara Lynn Golden, News EditorWednesday, March 19 - 2008 at 17:05 UAE local time (GMT+4)
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