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Malaysia’s Eversendai Corporation has secured a AED1.1bn ($299m) contract to carry out steel structure works on the Burj Azizi tower on Sheikh Zayed Road in Dubai.

The contract was awarded by local real estate developer Azizi Developments.

The main construction works on the tower are being carried out by Gardinia Contracting, a subsidiary of Azizi Developments.

Construction of the 131-storey tower is under way and is expected to be completed by 2029.

Azizi has appointed France’s Soletanche Bachy to perform the foundation works.

MEED reported in July 2023 that Azizi Developments had announced plans to construct the Burj Azizi in Dubai.

Previously, another Dubai-based developer, Meydan, had planned to build the 100-storey Meydan Tower on the same site, but the project was put on hold shortly after initial works began in 2017.

In September 2022, Azizi Developments purchased a plot of land from Meydan on Sheikh Zayed Road next to World Trade Centre Metro Station 2. No further details were officially released at the time, although the developer said it was working on the design for a large, iconic development on the plot.

In June 2023, Azizi Developments announced it would build what it called “Dubai’s newest seven-star hotel”.

READ THE APRIL 2026 MEED BUSINESS REVIEW – click here to view PDF

Economic shock threatens long-term outlook; Riyadh adjusts to fiscal and geopolitical risk; GCC contractor ranking reflects gigaprojects slowdown.

Distributed to senior decision-makers in the region and around the world, the April 2026 edition of MEED Business Review includes: