Sign up to receive the latest tech news and updates from Property News International straight to your inbox.
By signing up, you will receive emails about property news products and you agree to our terms of use and privacy policy.
@2026 Property News International. All Rights Reserved.
The agreement was formally concluded between Mirwais Azizi, Chairman of Azizi Developments, and Tan Sri A.K. Nathan, Founder, Executive Chairman, and Group Managing Director of Eversendai Corporation Berhad. Image: Dubai Media OfficeDUBAI, UAE – Azizi Developments has awarded a $299.5 million (AED1.1 billion) structural steel construction contract for its Burj Azizi project to Eversendai Corporation Berhad, marking a key milestone in the delivery of one of Dubai’s most ambitious high-rise developments.
The agreement was formally concluded between Mirwais Azizi, Chairman of Azizi Developments, and Tan Sri A.K. Nathan, Founder, Executive Chairman, and Group Managing Director of Eversendai Corporation Berhad.
Burj Azizi is planned as a mixed-use skyscraper in Dubai, envisioned to become the second tallest tower in the world. The project is expected to contribute significantly to the emirate’s evolving skyline, reinforcing its position as a global hub for architectural innovation and large-scale development.
The award of the structural steel package represents a critical phase in the construction process, highlighting the scale and engineering complexity of the tower.
Mr. Mirwais Azizi, Chairman of Azizi Developments, stated:
Partnering with Eversendai is a step forward in the construction of Burj Azizi. Their track record in delivering complex, large-scale steel structures globally provides us with confidence in their capability to execute this project to required standards of quality and safety.
Mr. Tan Sri A.K. Nathan, Founder, Executive Chairman, and Group Managing Director of Eversendai, added:
We are pleased to be entrusted with the structural steel works for Burj Azizi. Eversendai has a history of executing technically challenging structures, and we are committed to deploying our engineering expertise to facilitate the delivery of this tower.
Eversendai Corporation Berhad is recognised for its expertise in structural steel turnkey contracting, power plant construction, and high-rise developments. The group operates across the Middle East, Asia, and India, with a portfolio that includes complex infrastructure and landmark projects.
The world’s second tallest Burj Azizi tower steel contract has been awarded to Malaysian-headquartered Eversendai. The Burj Azizi project reflects continued momentum in Dubai’s high-rise and mixed-use development sector, where large-scale, engineering-intensive projects are shaping the next phase of urban growth.
As the emirate continues to attract global investment and talent, developments of this scale reinforce its reputation for delivering ambitious, technically advanced projects that define the city’s skyline and long-term growth trajectory.

Urbaser is building the plant and will run it for five years in a 60:40 JV with Tadweer.

The two-day forum runs on 8 and 9 December at the Four Seasons Hotel Rabat at Kasr Al Bahr.

A 406-room hotel, 900 more slots and a 13-room spa are due at the California resort in summer 2028.

Non-residential costs climbed 2.6% and residential costs 2.1% against September 2025.