DIRECTOR OF ELITE GROUP CJSC FORECASTS 5-10% GROWTH IN CONSTRUCTION SECTOR FOR 2009

ArmInfo
2009-07-01 20:08:00

ArmInfo. Director of ELITE GROUP cjsc, one of the largest construction
companies in Armenia, Armen Mkoyan forecasted a 5-10% growth in the
construction sector till the end of 2009. A.Mkoyan made such forecast
at the official ceremony of signing an agreement with the EBRD for
provision of a $5.5 midterm loan to the company. A. Mkoyan said the
company has overcome the crisis and will make new contacts already
in September 2009.

He said 38 million drams of the $5.5 million loan will be invested
to complete the project . He said the company has developed 3 new
construction projects. Thus, the construction of a new housing complex
in Demirchyan Street will be completed till the end of the year. Elite
Group will be focusing on completion of construction of new elite
buildings for a total of 180,000 sq.m. "Elite Group" is the only
construction company in Armenia, which has received an international
quality certificate ISO 9001-2000. General activity of the company
is top-management in the sphere of construction, interior design
and service of elite residential and public complexes. It provides
Construction Planning and Organizing; Construction: Buildings; Design
Engineering; Finishing Work; Installation Services: Metal Structures;
Marketing: Construction; Painting and Decorating; Tiling Services;
as well as Interior Design of Residential Premises.