Emirates City Forum

Azizi Investments, which was launched on Tuesday, has announced a 15 million square feet property development portfolio, immediately establishing it as a serious player in the UAE, a statement said. The company confirmed that it had 'significant' interests at Nakheel's Al Furjan and Palm Jebel Ali developments, as well as at Emirates City. It plans to include 12 plots at Nakheel's Al Furjan; the exclusive rights to develop the only five-star hotel at R Holdings' Dhs15bn ($4.1bn) flagship project Emirates City in Ajman; and a selection of plots to be developed into luxurious properties on Crescent A of Palm Jebel Ali. The company also confirmed a three year strategic plan to dramatically increase its development portfolio to an estimated 165 million square feet by 2010