Azizi Investments compiles contractors' roster

In the current market place, the company understands the value of long term agreements. The company has started a dialogue with a select number of contractors to deliver its projects over the next 2 years.

The contracts are expected to cover an initial two year period and there will be the opportunity for consultants to exclusively supply design services across all Azizi Investments projects as well. Fees for all contracts awarded will be based on the negotiated and equitable fee structure.

Mr. Merwiss Azizi, founder and chairman of Azizi Investments, said:

"We are creating a world best practice roster of consultants and contractors with whom we will be working with extensively to deliver the majority of our projects over the next two years."

"We are serious about delivery the very highest quality of design and build and believe that adopting such a policy is a vital step to ensuring that we will deliver our exciting projects to the highest possible standard - on time and on budget. We expect to reveal additions to our roster over the coming weeks," he added.

Azizi Investments will have an estimated Dhs170bn project value for developments by the end 2010. In the next few months the company expects to confirm the acquisition of 15 million square feet of land for the 50 projects that they are planning for 2008.

Azizi Investments has a three year strategic plan to dramatically increase its development portfolio to an estimated 165 million square feet by 2010. The company's launch is supported by a high profile brand awareness campaign of prime bill-board site and print advertising across the UAE.