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Dubai United Arab Emirates
Azizi Developments has finalized the acquisition of a massive fleet of machinery, industrial equipment, and operational assets valued at AED 2.1 billion across its primary operating entities, including Gardenia Contracting, Freesia Electromechanical Works Contracting, Royal Infra Contracting, and its manufacturing facilities.
Managed by Azizi’s Asset, Plant & Stores Department, the major capital expenditure includes 113 tower cranes, 13 luffing jib cranes, 77 passenger hoists, 229 suspension cradles, 70 heavy transport prime movers, and over 500 passenger buses. By shifting to an owned-asset model, the developer has achieved complete operational autonomy and accelerated project timelines, already yielding an over 80% reduction in external trailer rentals.
Farhad Azizi, Group CEO of Azizi Group, stated that controlling the entire construction chain from factory floor to finished tower grants the company full command over quality, execution speed, and delivery commitments to investors, while contributing directly to the UAE's built environment.
This acquisition is part of a broader asset expansion strategy covering heavy machinery, piling operations, precast concrete, fit-out, joinery, and aluminum, with the newly integrated assets now fully mobilized across the developer’s multi-billion-dollar construction pipeline.
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