Saudi-based developer Cayan Group has announced plans to enter the European market through an alliance with Spanish developer, Sarena. The partnership will develop a luxury project, Costa del Sol, situated in Marbella, Spain.
The project is part of Cayan’s aims to expand into newer markets, predominantly in the European belt.
Ahmed Alhatti, president and chairperson of Cayan Group, said: “Although our absolute priority is the development of strategic projects within the Kingdom which we will be announcing multiple projects soon, developing projects in Europe is a strategic decision that was made at the first place to serve our clients better and offer them a variety of options that will cater to their needs.”