Dubai-based property developer, Azizi Investments said it is in talks with several top developers to see the speedy completion of its key projects over the next two years.

In the current market place, the company understands the value of long term agreements and has compiled a roster of preferred building contractors, a top official said.

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, said Merwiss Azizi, founder and chairman of Azizi Investments.
 
’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,’ he noted.

“We are serious about delivery with the highest quality of design and build and believe that adopting such a policy is a vital step to ensure delivery of our exciting projects on time and within the budget. We expect to reveal additions to our roster over the coming weeks,” he added.

Azizi Investments will have an estimated Dh170 billion ($46.2 billion) project portfolio by the end of 2010.

In the next few months the company expects to confirm the acquisition of 15 million sq ft of land for its 50 upcoming projects.

Azizi also unveiled its three-year strategic plan to dramatically boost its development portfolio to an estimated 165 million sq ft 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.-TradeArabia News Service