Azizi Developments enters the hospitality sector ...United Arab Emirates

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Azizi Developments enters the hospitality sector
Private developer Azizi Developments has just announced its plans to invest up to US $16.3bn in the hospitality sector, through the launch of 50 upmarket, luxury hotels and resorts in Dubai, in addition to an ultra-prestigious seven-star hotel. With these new launches, the developer will add close to 20,000 new keys to Dubai’s hotel stock over the next five years. Azizi said these new hotels and resorts in the UAE (and beyond) will be managed by its own in-house hospitality division. In early March 2023, Azizi said it had extended its partnership with Kludi and, in early April 2023, the developer launched its Azizi Grand development in Dubai Sports City. The announcement follows Azizi’s rec

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