Azizi Investments joins forces with P&T for Mina Rashid development

Azizi Investments, the Dubai based multi national property developer, has today announced the appointment of P&T Architects and Engineers Ltd to design the company’s proposed G+45 tower at Mina Rashid. P&T is expected to reveal plans of the development soon.

The mixed-use, high rise tower is to be built at Mina Rashid, the redevelopment of old Port Rashid that is being master planned by Nakheel. Mina Rashid will be sympathetically redeveloped to capture the culture and heritage of the original port and will be a tribute to the memory of His Highness Sheikh Rashid bin Saeed Al Maktoum, the father of modern-day Dubai.

Mr. Merwiss Azizi, founder and chairman of Azizi Investments, said:

“We are thrilled to appoint P&T as architect and consultant on our Mina Rashid project. As the group responsible for numerous landmarks across many of Asia’s prime cities, we are wholly confident that P&T has the experience to deliver designs which will be iconic yet sensitive to the cultural heritage of Mina Rashid.”

Honk-Kong based P&T Group are well-renowned across Asia, and set up a branch office in Dubai in 2004. James Abbott, Director (Dubai branch) comments:

“We are delighted that Azizi have selected us to work on the Mina Rashid project and are looking forward to using the experience we have gained on world-class projects in Asia and the Middle East to deliver Azizi a signature project. We hope the tower at Mina Rashid will stand at the top of the Azizi property portfolio.”

Since officially opening for business in February 2008, Azizi Investments has undergone exceptional growth. Over the next few months, the company expects to confirm that it has reached its 2008 target of acquiring 15 million square feet of land for the 50 proposed projects. The company will have an estimated AED 170 billion project value for developments by the end 2010.