YEREVAN, Armenia, Oct. 17, 2024 — Colliers Project Leaders, Middle East, a leading diversified project management firm, has been awarded the contract to provide comprehensive project management services for Armenia’s new World Trade Center in Yerevan, valued at approximately USD 250 million. This project, a public-private partnership between the Armenian government and Renshin Ltd., is designed to be a cutting-edge mixed-use development, encompassing commercial spaces, offices, retail outlets, hotels and exhibition halls. Colliers, renowned for its expertise in real estate and project management, has a successful track record of delivering large-scale, high-profile projects, including the World Trade Center in Bengaluru, India.
Colliers Project Leaders has a growing presence in the Middle East and has garnered widespread recognition for delivering exceptional projects over the years, across sectors such as 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 been committed to consistently expanding our capabilities to meet the evolving demands of the market. Whether it is the implementation of global best practices or the development of innovative technologies, our ultimate goal has always been to deliver superior outcomes. A project of this scale requires industry-leading strategic and technical expertise, which is our proven strength. We are grateful to Renshin Limited and the Government of Armenia for entrusting us with this prestigious 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 poised to become the new face of Yerevan. To fulfill this promise, we are bringing together top talent, top expertise, and top global firms. Following a rigorous and competitive tendering process, we are pleased to announce that Colliers Project Leaders have been selected to become our trusted partners. We are particularly happy and proud that our project has prompted Colliers International Group Inc. – Nasdaq & Toronto listed, Canada-based global professional services and investment management company, specializing in real estate, to enter Armenia and establish a permanent presence. This move is fully aligned with WTCY’s mission to foster international business relationships and enhance Armenia’s participation in global trade and investment. We look forward to working with our esteemed Colliers colleagues in this unique endeavor,” says Artashes Tonoyan, CEO & Executive Committee Chair, World Trade Center Yerevan.
Media Contact:
Sukanya Dasgupta
National Director, Marketing & Communications| India
+91-9811867682
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