Cayan Group and Serena partner for Spanish project.
Saudi-based developer Cayan Group has teamed up with Spanish developer Sarena to develop a project in Marbella, Spain.
Cayan Group, which built the twisting Cayan Tower in Dubai, says it is keen to expand into European markets.
Ahmed Alhatti, president and chairman 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.
"Secondly, this decision comes as a proof of the ability of Cayan Group to stand out in the most competitive markets. Partnering with the notable Sarena Group has a special importance to us and we are positive that this project will achieve a huge success."
Gabriel Massoud, the founder of Sarena, added: "Cayan Group's projects are exemplary and we are pleased to partner with a Group of such caliber and reputation. We look forward to this partnership which will open the door for Sarena to enter the Middle East region and specifically the Saudi market to develop unique projects in the future."
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