Wednesday 22, October 2008 by

Cayan says construction projects are secure

Cayan Investment and Development says both projects are 70 percent sold and that it has taken in instalments equivalent to 40 percent of projected sales. Karim Derbas, chief executive officer of Cayan Investment and Development, said, “We have contingency plans in place,” adding that, “Our liquidity is ample, we are in a good cash position. These projects are quite secure.”

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