25 October 2023
25 October 2023
The project is set to meet the increased demand for housing in the supply-constrained submarket.
Costain will offer programme and commercial management services as part of its reappointment.
The project is set to be financed by the Armenian Government, and is valued at approximately $210m.
The development is set to cater to the demands of the country's building material wholesalers and lumberyards.
Mass production of steel structures at the site's manufacturing base begun in August this year.
HBD is already considering potential proposals for the site's future development.
The portfolio is being developed in collaboration with ForeFront Power.
Works have already begun and are expected for completion in 2025.
advanced technology are expected to start operations in coming years.
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