Colliers Project Leaders to Manage Armenia’s New World Trade Center: A Landmark Development
In a significant move for Armenia’s economic landscape, Colliers Project Leaders – Middle East has secured the mandate to provide comprehensive project management solutions for the new World Trade Center (WTC) in Yerevan. Valued at approximately USD 250 million, this ambitious project is set to redefine the skyline of Armenia’s capital and enhance its position in the global trade arena.
A Visionary Partnership
The WTC Yerevan is a public-private partnership between the Armenian government and Renshin Ltd. This collaboration aims to create a state-of-the-art mixed-use development that will encompass a variety of commercial spaces, offices, retail outlets, hotels, and exhibition halls. The project is not just about constructing buildings; it represents a vision for a modern, interconnected Armenia that fosters international business relationships and promotes economic growth.
Colliers Project Leaders: A Proven Track Record
Colliers Project Leaders is renowned for its expertise in the real estate sector and project management. The firm has a history of delivering large-scale projects, including the World Trade Center in Bengaluru, India. With a growing presence in the Middle East, Colliers has established itself as a leader in various sectors, including infrastructure, residential, education, healthcare, and office spaces. Their commitment to adopting advanced tools and technologies has allowed them to redefine project management in the region.
Sankey Prasad, Chairman & Managing Director for the Middle East & India at Colliers, expressed gratitude for the opportunity to lead this landmark project. He emphasized the importance of strategic and technical expertise in delivering a project of this scale, stating, "We are grateful to Renshin Limited and the Government of Armenia for entrusting us with this marquee assignment."
A Commitment to Sustainability
The WTC Yerevan project is not just about economic development; it is also a commitment to sustainability. The design aims for a net-zero footprint, aligning with global trends towards environmentally responsible construction. This focus on sustainability will not only benefit the environment but also enhance the attractiveness of the development to international businesses and investors.
A New Era for Armenia
Artashes Tonoyan, CEO & Executive Committee Chair of the World Trade Center Yerevan, highlighted the significance of this project for Armenia. He noted that the engagement of top global firms like Colliers is a testament to the project’s potential to become a landmark development that represents the new face of Yerevan. "We are especially happy and proud that our project has triggered Colliers International Group Inc. to enter Armenia and set up a permanent presence," Tonoyan stated. This move is expected to bolster Armenia’s participation in global trade and investment.
Looking Ahead
As the WTC Yerevan project moves forward, it promises to create numerous opportunities for local and international businesses alike. The collaboration between Colliers and Renshin Ltd. is set to bring together a wealth of expertise and resources, ensuring that the project not only meets but exceeds expectations.
In conclusion, the World Trade Center Yerevan is more than just a construction project; it is a symbol of Armenia’s aspirations for growth, sustainability, and international collaboration. With the expertise of Colliers Project Leaders at the helm, the future looks bright for this landmark development, and it is poised to make a lasting impact on the region’s economic landscape.