Money and business

“Azizi” reveals an investment plan to open 60,000 hotel rooms in Dubai

Azizi Developments revealed the start of implementation of an investment plan in the hospitality sector worth 75 billion dirhams, with the laying of the foundation stone for the first five-star hotel in Dubai, as part of a project aimed at strengthening the emirate’s global tourism infrastructure.

The new hotel is one of 10 hotel projects of different categories currently being worked on, whether in the design, development or construction stages.

The hotel expansion plan includes developing 151 hotels under the “Azizi Hospitality” brand, including 100 four-star hotels, 50 five-star hotels, and one seven-star hotel, with more than 90% of these hotels in Dubai.

The company stated that this hotel portfolio, upon completion, will add about 60,000 hotel rooms to the capacity of the hospitality sector in the emirate, in addition to creating more than 75,000 jobs in the sector.

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