- Significant investments at Al Furjan, Palm Jebel Ali & Emirates City underpin plans to develop 165 million sq. ft property in UAE by 2010

- Substantial private developer partnership with Nakheel demonstrates long term commitment to Dubai

Dubai, 19 February 2008: AZIZI Investments marked its launch today by announcing a 15 million square feet property development portfolio, immediately establishing it as a serious player in the UAE.  The company confirmed that it had "significant" interests at Nakheel's Al Furjan and Palm Jebel Ali developments, as well as at Emirates City.  

The company revealed that plans included twelve plots at Nakheel's contemporary family orientated community, Al Furjan; the exclusive rights to develop the only 5* hotel at R Holdings' AED 15 billion ($ 4.1 billion) flagship project Emirates City, located in Ajman; and a selection of plots to be developed into luxurious properties on Crescent A of Palm Jebel Ali.  Full details will be unveiled in due course.

AZIZI Investments also confirmed 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 high profile brand awareness campaign of prime bill-board site and print advertising across the UAE.

Mr. Merwiss Azizi, Founder and Chairman of AZIZI Investments, said:

"We are delighted to announce our arrival into the market with what we believe is a very comprehensive portfolio offering.  We are confident that the developments we have chosen will speed our path towards becoming not just a major player in the UAE development market, but globally.

"Whilst we remain vigilant to future investment opportunities, and can react quickly to these due to our independent financing, we are mindful that making the right choices are key to achieving long term sustainable growth.  We are therefore delighted to have developed high quality and close relationships with the largest master developers as well as governments." 

Founded in October 2007, by Mr. Merwiss Azizi, a leading businessman in his native Afghanistan, AZIZI Investments has been able to secure development plots at some of Dubai's most innovative and exciting projects.  The company plans to offer a diverse portfolio of projects ranging from affordable developments - set out to cater for budget conscious investors of the region - to high-end developments that will be unrivalled in the luxury they will provide.

-Ends-

About AZIZI Investments
Founded in October 2007 by Mr. Merwiss Azizi - AZIZI Investments is one of the region's fastest growing private property developers. AZIZI Investments is a Dubai-based multi-national property developer specialising in the development of residential communities, commercial properties, hotels and resorts.  

The company's mission is "to be partners with our clients in fulfilling their property needs of any scale and kind. To build residential and commercial properties of the highest quality standards that present lucrative investment opportunities to our international clients all over the world." 

For more information please visit: www.aziziinvestments.com

For further information on this press release, high resolution imagery relating to the release, or to request to an interview with a spokesperson please contact:

Four Communications (PR Agency):
Greg Moore - Managing Director
Tel: +971 4369 3726
Mob: +971 55 985 3375
E-mail: aziziinvestments@fourcommunications.com

AZIZI Investments:
Steve Nosrat - Marketing Director
Tel: +971 4 3322460
Mob: +971 50 914 6819
E-mail: marketing@aziziinvestments.com
website: www.aziziinvestments.com  

© Press Release 2008