Azizi Investments has purchased 62,000 square metres of land, on which it plans to develop a 45-floor mixed-use tower.
The company is in the process of selecting an architect for the design of the project.
Azizi Investments recently proposed two projects on Palm Jebel Ali. The firm purchased 57,000 square metres of land on Crest A and Crest E on the Palm, with further negotiations under way with the Palm developer, Nakheel, for further plots (MEED 1:6:08).
Nakheel is currently evaluating bids for the reclamation contract on the Port Rashid development (MEED 4:6:08).