Azizi Investments

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Azizi Investments

Postby shawarma » 24 May 2008, 23:54

Azizi Investments
Chairman: Merwiss Azizi (Afghanistan)
Founded: 01 October 2007
Location: Dubai
Partnerships: Nakheel (for Jebel Ali Palm, Al Furjan), Dubai World Central, R Holding (Emirates City, Ajman)
Growth plan for acquisitions and projects under development - 165 million sq ft by end 2010 as follows:
2008 - 15 million sq ft (residential & commercial developments)
2009 - 50 million square feet
2010 - 100 million square feet

22 May 2008 Press Release summary

Palm Jebel Ali 617,847 sq ft land purchased on Crest A and Crest E
Value of projects to be developed on Jebel Ali Palm AED 3 billion
Dubai World Central land purchase 302,615 sq ft in 4 plots, project value AED 500 million

Azizi press release says they have a 3 year strategy to increase portfolio to an "estimated 165 million sq ft by 2010", and to increase PJA land bank to 1,477,078 sq ft. According to their website, they're almost there - only 10,000 sq ft short.

23 May 2008 Azizi website (aziziinvestments.com) project list summary says:

Al Furjan, Dubai - 10 residential and 2 commercial developments, total area 1,740,000 square feet, construction to start May 2008.
Palm Jebel Ali, Dubai - total area 1,467,847 sq ft on crests A & E, Azizi negotiating for more plots on PJA.
Emirates City, Ajman - exclusive rights to develop the only 5 star hotel in the development. Hotel management partner to be announced within months.
Dubai World Central (DWC) - Azizi has 302,615 sq ft of land for a Dh 400 million project.
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