Azizi Investments confirms NEB as first design consultants on Dhs3bn Palm Jebel Ali project

NEB is expected to reveal plans of these developments soon.

The announcement follows the confirmation last week that Azizi Investments has purchased an additional 617,847 square feet of plots on both Crest A and Crest E at the Palm Jebel Ali. These plots will be developed into a number of luxury properties.

Azizi Investments now has an estimated Dhs3bn project value for future developments this showpiece Nakheel development.

These acquisitions will contribute to Azizi's target total of 15 million square feet of land and 50 projects under planning and development by the end of 2008.

Mr. Merwiss Azizi, founder and chairman of Azizi Investments, said 'We are delighted to appoint NEB as design consultants on two of our proposed projects on the Palm Jebel Ali. With over 20 years of experience in the Gulf region we are wholly confident that NEB has the knowledge and commitment to deliver designs which will be pioneering, innovative and will firmly place our developments at the forefront of the property development industry. Working with such trusted industry leaders, as NEB, will enable us to realise our visions for this region.'

Mr Jamil Jadallah, managing partner, of National Engineering Bureau (NEB) responded 'NEB is enthusiastic about our emerging partnership with Azizi Investments and the confidence they have demonstrated by entrusting NEB as design consultants for two prestigious projects at the Palm Jebel Ali.

'We are thankful for the opportunity of being part of Azizi's vision for development in Dubai and the UAE as a whole. We share in this vision towards its realization and look forward to a mutually beneficial and professionally satisfying business relationship.'

Azizi Investments has a three year strategic plan to dramatically increase its development portfolio to an estimated 165 million square feet by 2010. The company's launch is supported by a high profile brand awareness campaign of prime bill-board site and print advertising across the UAE.