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Cayan, $267m Saudi deal
- Saudi Arabia: Sunday, June 04 - 2006 at 16:54
Cayan Investment and Development Company has launched a joint venture with Arbah to develop 320,000 sqft of real estate along Jeddah's northern coastal road. The agreement represents an investment of more than $266.7m and was signed last week by Cayan's Chairman, Mr. Ahmad Al Hatti, and Arbah's Chairman, Mr. Bader Al Zahrani. The project will include luxury residential apartments, offices as well as a commercial centre and shopping facilities.
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Jonathan Sheikh-Miller, Deputy EditorSunday, June 04 - 2006 at 16:54 UAE local time (GMT+4)
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