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Dubai developer Azizi launches new business to take up power projects

New subsidiary will develop power projects in emerging markets, with Asia in focus

Last updated: June 24, 2025 | 10:47

Manoj Nair, Business Editor

1 MIN READ

Azizi has a project pipeline running into the billions of dirhams in Dubai. Now, it's getting into a new business line.

Gulf News Archive

Dubai: The Dubai master-developer Azizi is adding a new business line - setting up power projects in emerging markets.

It will launch the first project in Afghanistan, with a planned power capacity of up to 10,000 MW.

The new entity - Azizi Energy Investments - will initially focus on Asian markets, starting with Afghanistan. This is the second new business venture that the group has launched in recent times, after earlier creating a hospitality division.

Also Read: Height approved for Dubai's 'Burj Azizi' - world's second tallest tower

Azizi Energy, also headquartered in Dubai, will focus on the development, financing, construction, and operation of power projects across coal, gas, hydro, wind, and solar. In addition, it will take up energy infrastructure including gas pipelines and electricity transmission networks.

The 'mission is to contribute to energy security, reduce reliance on imported supply, and support economic development in markets where supply gaps remain a major barrier', said a statement.

Mirwais Azizi, Chairman of Azizi Group, said: “This new venture builds on our legacy in real estate and our belief in supporting communities through large-scale, future-oriented solutions.

"Azizi Energy will deliver innovative energy projects that create long-term value, beginning in Afghanistan, where we aim to contribute a generation mix of approximately 10,000 MW."

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.