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Mon 27 May 2019 02:10 PM

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UAE's Azizi offers $2.7m bonus to drive Dubai project completions

Bonus announcement coincides with Azizi Developments marking 2019 as its Year of Construction, with nine of its projects scheduled for handover this year

UAE's Azizi offers $2.7m bonus to drive Dubai project completions
Farhad Azizi, CEO of Azizi Developments.

UAE-based Azizi Developments has announced plans to incentivise its contracts with a bonus of up to AED10 million ($2.7 million) to encourage the timely completion of its projects in Dubai.

The announcement coincides with Azizi Developments marking 2019 as its Year of Construction, with nine of its projects scheduled for handover this year.

Farhad Azizi, CEO of Azizi Developments, said: “This new incentive is a token of gratitude and an encouragement to our contractors and partners for their commitment to ensure the timely delivery of our projects. At Azizi Developments, we assign the highest priority to five core segments – our customers, staff, contractors, the government and brokerage firms. Every strategic initiative of ours is directed at offering added value for them.”

He added: “Announcing this bonus is a bold move that we have been considering for a while, and we believe that it is a tremendously beneficial one as it will contribute to customer happiness, which is the true benchmark of our success.”

Azizi Developments said it carefully selects its contractors and works closely with them to ensure that all work is completed as per the initial schedule.

It added that with on-time delivery, costs involved in snagging and hiring new contractors, if a project is delayed, as well as other expenses, can be curtailed.

Earlier this year, Azizi said it is exploring opportunities in “iconic” developments in markets including Saudi Arabia, Germany, the UK and Canada.

In an interview with Arabian Business, Azizi said he spent much of 2018 traveling to a number of different countries to examine potential opportunities for the company.

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