Company: Azizi Developments
Designation: Founder and Chairman
Mirwais Azizi’s path to real estate riches is certainly a circuitous one. Born in Afghanistan, his first entrepreneurial ventures were in textile manufacturing in Uzbekistan and then tobacco trading in Bulgaria. Within a short period of time, he became an importer for the Russian Commonwealth countries and established a business network that had multiple offices in more than 20 countries.
This expansion led him to the United Arab Emirates and the oil and gas sector and then, in 2006, he established Azizi Bank, now the largest and strongest commercial financial institution in his native Afghanistan.
In 2007, Azizi purchased his first plot of land in Dubai and established Azizi Developments and a year a later was selling off-plan properties. Although the financial crisis put a halt to his plans, the company was rebooted in 2013 and Azizi Developments resumed the construction of existing projects. Today, Azizi Developments, with projects along the Creek and in Arjan, is one of the most prominent and leading private real estate developers in the UAE.
Never forgetting his roots, Azizi established the American University of Afghanistan, the first non-profit higher education institution in the country. Thousands of students now receive education through the university and then join the country’s workforce.