Azizi Developments Plans To Invest Dh75 Billion In 151 Hotels In UAE, Create 75,000 Jobs

(MENAFN- Khaleej Times) Azizi Developments plans to invest Dh75 billion in the hospitality sector in the UAE, mostly Dubai, creating 75,000 jobs, demonstrating confidence in the country’s hospitality sector and shrugging off concerns around regional geopolitical tensions.

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Azizi Hospitality, a subsidiary of Azizi Developments, will develop 151 hotels, including 100 four-star hotels, 50 five-star hotels, and one seven-star hotel, with more than 90 per cent of the portfolio based in Dubai.

Once completed, the portfolio will add approximately 60,000 room keys to the emirate’s hospitality capacity and create more than 75,000 jobs in the sector.

The portfolio will also include the seven-star hotel within Burj Azizi, the upcoming landmark tower on Sheikh Zayed Road that is set to become the world’s second tallest building.

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“Dubai has consistently proven itself to be one of the world’s most stable, forward-looking and opportunity-rich destinations. The emirate’s leadership has built an environment that inspires confidence among investors and developers, enabling bold projects that contribute to its global standing,” said Mirwais Azizi, founder and chairman of Azizi Developments.

"Our Dh75 billion investment in hospitality reflects our long-term commitment to Dubai and our strong belief in its continued growth as a global tourism hub. We remain fully aligned with the emirate’s economic and tourism ambitions, helping attract visitors from around the world while reinforcing Dubai’s reputation as a city that continues to set new global benchmarks,” he added.

Work in progress

According to CBRE, Dubai aims to expand its keys to over 160,000, focusing on mid-market and lifestyle niches to support its 25 million visitor target.

Abu Dhabi is aggressively scaling its cultural and entertainment districts, targeting 39.3 million visitors by 2030 through massive investments in the Saadiyat Cultural District and Yas Island.

Simultaneously, RAK is advancing its plan to reach 3.5 million visitors by 2030 and doubling its hotel keys, anchored by strategic attraction of global brands and the addition of new masterplans such as RAK Central, Marjan Beach, and the upcoming Jebel Jais masterplan, in parallel with further expanding Mina and Al Hamra Village

The Dubai-based private developer announced the ground-breaking of a property on Tuesday.

Located within the Azizi Riviera community in Mohammed Bin Rashid City, the five-star hotel is among ten hotel developments across various categories that are currently in design, development, or construction stages.

Farhad Azizi, Group CEO of Azizi Group, told Khaleej Times that eight hotels are under construction.

Moreover, the company will establish the training institution, Azizi Hospitality Academy, to develop the next generation of hospitality professionals in the UAE and support the sector with internationally trained talent.

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