Colliers Project Leaders – Middle East, a leading project management firm, has been awarded a contract to provide comprehensive project management services for the new World Trade Center in Yerevan, Armenia, valued at approximately USD 250 million. This project, a joint initiative between the Armenian government and Renshin Ltd., is a major public-private partnership. The development is set to include a state-of-the-art mixed-use facility featuring commercial spaces, offices, retail areas, hotels, and exhibition halls. Colliers, recognized for its expertise in real estate and large-scale project delivery, previously managed notable projects such as the World Trade Center in Bengaluru, India.
Colliers continues to strengthen its presence in the Middle East, where it is well-regarded for its successful execution of projects across various sectors including infrastructure, residential, education, healthcare, and office spaces. The firm is recognized for its innovative leadership and the use of advanced technologies, positioning itself as a leader in redefining project management in the region.
Sankey Prasad, Chairman & Managing Director of Colliers in the Middle East and India, commented, “We are committed to growing our capabilities to meet market demands. By adopting global best practices and pioneering new technologies, we aim to deliver superior outcomes. This project requires top strategic and technical expertise, which we are well-equipped to provide. We are grateful for the trust placed in us by Renshin Ltd. and the Armenian government and look forward to working with our teams across the Middle East, India, and Georgia to make this vision a reality.”
Artashes Tonoyan, CEO & Executive Committee Chair of World Trade Center Yerevan, expressed his confidence in the project’s future, saying, “The World Trade Center Yerevan will be a net-zero, mixed-use development that will redefine the city’s landscape. After a rigorous selection process, we are pleased to have Colliers Project Leaders as our partners. We look forward to working closely with their team on this significant undertaking.”
