YEREVAN,
Armenia, Oct. 17, 2024 /PRNewswire/ -- Leading
diversified project management firm, Colliers Project
Leaders, Middle East, has won the mandate to deliver
end-to-end project management solutions for Armenia's new World Trade Center in
Yerevan, valued at USD ~250
million. A public-private partnership between the Armenian
government and Renshin Ltd., the project is designed to be a
state-of-the-art mixed-use development that will be home to
commercial spaces, offices, retail outlets, hotels and exhibition
halls. Well known for its expertise in the real estate industry and
project management, Colliers has a proven track record of
delivering large-scale, marquee projects including the World Trade
Center in Bengaluru, India.
Colliers Project Leaders has a growing presence in the
Middle East and has earned
widespread recognition for its delivery of superior projects over
the years, across segments like infrastructure, residential,
education, healthcare and office. Known for its visionary
leadership and the adoption of advanced tools and technologies, the
firm has been redefining project management in the Middle East.
"We have always placed a strong emphasis on consistently growing
our capabilities to keep up with the needs of the market. Whether
it is the adaption of global best practices or the development of
pioneering technologies, our end goal has always been to deliver
superior outcomes. A project of this scale requires
industry-leading strategic and technical expertise, which is our
proven capability. We are grateful to Renshin Limited and the
Government of Armenia for
entrusting us with this marquee assignment and look forward to
collaborating with our internal and external stakeholders in
Middle East, India and Georgia to bring it to life," says
Sankey Prasad, Chairman &
Managing Director, Middle East
& India, Colliers.
"The World Trade Center Yerevan project is a mixed-use,
net-zero, landmark real estate development promising to become the
new face of Yerevan. To deliver
upon this promise, we are engaging the top talent, top expertise,
and top global firms. After a rigorous and tough tendering process,
we are glad to announce that Colliers Project Leaders were selected
to become our trusted partners. We are especially happy and proud
that our project has triggered Colliers International Group Inc. –
Nasdaq & Toronto listed,
Canada-based global professional
services and investment management company, specializing in real
estate, to enter Armenia and set
up a permanent presence. This move is fully aligned with WTCY
mission to promote international business relationships and expand
Armenia's participation in the
world trade and investment. Looking forward to work with our
esteemed Colliers colleagues in this unique
endeavour," says Artashes
Tonoyan, CEO & Executive Committee Chair, World Trade
Center Yerevan.
Media Contact:
Sukanya Dasgupta
National
Director, Marketing & Communications| India
Sukanya.dasgupta@colliers.com
+91-9811867682
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