Azizi Group launches energy arm, with focus on Afghanistan

Dubai-based conglomerate Azizi Group has launched a new subsidiary — Azizi Energy Investments — to develop and operate power generation and energy infrastructure projects in emerging markets, according to a press release. The conglomerate, best known for its real estate developments in Dubai, will headquarter the new venture in Dubai.

Scope: Azizi Energy will focus on coal, gas, hydro, wind, and solar power generation, as well as supporting infrastructure such as gas pipelines and electricity transmission networks. The company plans to develop, finance, construct, and operate these projects, with an eye on addressing energy shortfalls in underserved regions.

Afghanistan as a start: The group says it will target energy security and economic development through long-term infrastructure investments, targeting Asian markets. Initial plans include a 10 GW generation mix in Afghanistan.

Why Afghanistan? It’s the home country of Azizi Group Chairman and b’naire Mirwais Azizi, where he has pledged investments worth some USD 10 bn in the energy and rail sectors there, and has already committed investments to rebuilding infrastructure in the country. He also owns a number of businesses in Afghanistan, including a bank and a large construction firm.