Kaizen clarifies operating status
Developer says it is still active and keen to launch projects in UAE
In response to an article published on ConstructionWeekOnline.com last week, Kaizen Developments has contacted CW with the following statement:
“Kaizen Developments is still very much present, and developing within Turkey and the UK. We have scaled back our projects in the UAE due to the financial downturn, and specifically due to the uncertainty surrounding Palm Jebel Ali. No sales were made in our Equinox project and it is currently on hold.
“Celestial Heights, on the other hand, is a project which Kaizen Developments had successfully marketed jointly with another developer. We were proud to be associated with such a project as Celestial Heights which is now rapidly moving towards completion and being directly managed by the owners of the project.
“Kaizen Developments continues to be committed to its clients and its projects, in all the territories it operates in. We specifically are looking forward to expanding into new markets and launching a new project within the UAE, when the time is right.”
The company's web site, www.kaizendevelopments.com, was unreachable last week due to the closure of a web services provider. The web site is expected to be fully operational this week.