Plans by Azizi Developments include the creation of 20,000 hotel keys amid massive hospitality expansion.
Dubai’s Azizi Developments will invest up to AED60bn as it announces plans to build 50 luxury hotels in the city.
Azizi Developments announced plans to build a prestigious seven-star hotel in Dubai as it adds 20,000 new keys to Dubai’s hotel stock over the next five years. Azizi’s hotels and resorts in the UAE and beyond will be managed by its very own hospitality division.
Azizi’s plans to enter the hospitality sector were announced at Arabian Travel Market 2023. Michael Zager will lead the developer’s division as Chief Operating Officer – Hospitality.
Mirwais Azizi, Founder and Chairman of Azizi Developments, said: “With the UAE’s Tourism Strategy 2031 aiming to leverage public-private partnerships and seeking to attract over AED100bn in new investment in the tourism sector, we have decided to make a major investment in the hospitality sector.”
