In a move that reflects the continued investor confidence in Dubai's long-term economic vision and its established status as one of the world's most attractive destinations for tourism, investment, and business, Azizi Developments has officially announced the launch of its investment plan in the hospitality sector in Dubai, valued at 75 billion dirhams. The company stated that it is developing 151 hotels, with over 90% concentrated in Dubai.
«The wise leadership has successfully built a sophisticated economic and developmental environment that grants investors and developers the confidence to launch ambitious projects that contribute to enhancing the emirate's global presence», the statement added.
«Our 75 billion dirham investment in the hospitality sector reflects our long-term commitment to Dubai and our unwavering confidence in its future as one of the world's leading tourism centers. This project will offer a luxury destination with international standards, further cementing Dubai's position in prominent architectural and tourism ventures», the company said.
As part of developing a comprehensive ecosystem for the hospitality sector, the company also plans to launch the «Azizi Hospitality Academy», a specialized training institution aimed at preparing a new generation of skilled professionals in the UAE's hospitality sector, thereby supporting the sector's growth and providing qualified personnel according to the highest international standards.
Founder and Chairman of the Board of Directors of Azizi Developments, Muraziz Azizi, said: «Dubai has consistently proven its ability to solidify its position as one of the world's most stable and opportunity-open cities. Under the guidance and vision of His Highness Sheikh Mohammed bin Rashid Al Maktum, Vice President of the State, Prime Minister, and Ruler of Dubai, we continue to work in line with the emirate's economic and tourism ambitions by developing projects that attract visitors from around the world and add a new chapter to Dubai's success story».
Azizi's hotel portfolio will add 60,000 hotel rooms and 75,000 jobs in Dubai. The company projects that upon completion, this hotel portfolio will add approximately 60,000 hotel rooms to the emirate's hotel capacity, along with creating more than 75,000 jobs in the hospitality sector.
Azizi confirmed that this expansion reflects the continued investor confidence in Dubai's long-term economic vision and its firm standing as one of the world's most attractive destinations for tourism, investment, and business.
According to the statement, the project portfolio includes a seven-star hotel as part of the upcoming «Azizi Tower» project on Sheikh Zayed Road, which is expected to become the second-tallest building in the world.
The company also stated that as part of its strategic expansion in the hospitality sector, Azizi Hospitality is developing 151 hotels, including 100 four-star hotels, 50 five-star hotels, and one seven-star hotel, with over 90% of these projects concentrated in Dubai.
In detail: Azizi Developments announced the laying of the foundation stone for its first five-star hotel, a step the company described as the official launch of a bold investment plan in the hospitality sector worth 75 billion dirhams, aimed at enhancing Dubai's global tourism infrastructure.
The company revealed that the new hotel is located within the Azizi Riviera community in Mohammed bin Rashid City and is one of 10 hotel projects currently underway across various stages, including design, development, and construction, spanning diverse hotel categories. The company highlighted that these projects are executed through its integrated capabilities, combining development, construction, and project management within a single operational framework.
