International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
Cayan’s Infinity Tower Scales New Heights
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.
June 28, 2009 12:00 by Aarti Nagraj
Construction of 80-storey iconic development in
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
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
He added: “Once complete,
“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
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
About Cayan Investment & Development
Cayan is a regional player with presence in