ArmInfo. Trojan Construction Holding, a prominent construction firm based in the UAE, has expressed strong interest in implementing large-scale development projects in Armenia. This was stated by Ahmed Al Shamsi, Group CEO of Trojan Construction Holding, during a meeting with Yerevan Mayor Tigran Avinyan. The discussion focused on urban planning initiatives of mutual investment interest, particularly those aimed at modernizing the capital's infrastructure.
Discussing projects for the reconstruction of urban neighborhoods, the construction of residential complexes, and urban improvement, Tigran Avinyan introduced several high-priority projects to the delegation, emphasizing their potential to reshape the city's landscape. He presented the guests with a project for the reconstruction of the Noragyugh neighborhood, which, he said, would become the new center of Yerevan. The mayor noted that the growing trust of international businesses in Yerevan once again confirms the capital's consistent strengthening as an attractive hub for investment, innovation, and international cooperation.
During the discussion, the parties also touched on the construction of the Promenade complex and the development of the Dalma Gardens, which are expected to give a new impetus to the development of Yerevan's public spaces, creating a modern, comfortable, and attractive environment for residents and tourists.
He reaffirmed that the city remains open to collaborating with investors on projects that deliver mutual benefits and contribute to urban sustainability.
Note, headquartered in Abu Dhabi, Trojan Construction Holding is one of the largest construction conglomerates in the UAE and the Persian Gulf region. It operates as a subsidiary of the Alpha Dhabi Holding, one of the UAE's largest diversified investment firms.
The holding specializes in the construction of residential and commercial properties, skyscrapers, transportation and engineering infrastructure, hotels, energy and industrial facilities. The company implements full-cycle projects, from design to turnkey delivery. In 2026, Forbes Middle East magazine ranked Trojan Construction Holding among the top ten largest construction companies in the region, placing it fifth. The company's revenue for 2025 was approximately $3.8 billion, an increase of approximately 30% compared to the previous year.
