| Kippreport.com

Cayan’s Infinity Tower Scales New Heights

June 28, 2009 12:00 by Aarti Nagraj

 Cayan’s Infinity Tower Scales

New Heights

 

Construction of 80-storey iconic development in Dubai Marina on schedule

 

Dubai, 2009: Cayan Investment and Development – one of the region’s leading real estate developers – today announced that it’s iconic Infinity Tower development in Dubai Marina has accelerated its construction work and has already achieved significant progress on site.

 

The 80-storey tower, which will offer a stunning spiral view with a 90-degree curve design to give a stunning view of Dubai Marina, has reached floor 16 of the core wall and floor 7 for the typical floors.  The podium levels which make up 6 floors are all complete.

 

Arabtec, the main contractor for the project, has over 1000 workers on site, working around the clock on shifts to ensure the construction schedule is followed.

 

The significant progress achieved on the Infinity Tower project further reiterates Cayan Investment and Development’s impressive track record on project delivery as well as Arabtec’s dedication to the project.

 

In his comments on the project construction, Mr. Ahmad Al Hatti, Chairman of Cayan, said: “Cayan Investment and Development has always remained committed to time-frames on its various projects and Infinity Tower is no exception. The progress of construction on the unique development reflects the meticulous care that Cayan lends to every aspect of its projects.”

 

He added: “Once complete, Infinity Tower will boast of world-class facilities and will offer its tenants a vast array of unique services and state-of-the-art amenities. “

 

“At infinity we have moved from basement to level 7 in the past 6 months were recession has hit hard and where many developers have stopped or slowed down their work; Cayan, on the other hand, has accelerated its construction work on site”, comments Kareem Derbas, CEO of Cayan Investment and Development.

 

The development has already garnered a total of six design awards over the last three years, including the International Architecture Award from the Chicago Athenaeum.  Cayan has already carved a niche with the hand over of La Residencia Del Mar, Dorrabay and The Jewels projects in Dubai Marina and Cayan Business Centre in Tecom.

 

Arabtec Construction LLC is the main contractor for the project, while Drake & Scull has been awarded the MEP works. Khatib & Alami are local consultants for Infinity, Currie & Brown are the Project Management Company and SOM is the main consultant.

 

As of December 2008, Cayan has delivered 4 out of its 7 projects in Dubai and expects to deliver its remaining 3 projects between 2010 and 2011.  In addition to the 7 projects in Dubai, Cayan has a mega-project in both Jeddah and Egypt.

 

- ENDS-

 

 

About Cayan Investment & Development

Cayan is a regional player with presence in Dubai, Riyadh, Jeddah and Cairo. 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 along with Silverene, the spectacular architectural achievement for Cayan are also being developed at a prime locations in Dubai Marina. It is also developing Cayan Business Centre, a freehold commercial tower in TECOM on Sheik Zayed Road. In KSA, Cayan is developing Lamar project, a one of its kind 7 star luxury project.