Green Rock Management Group company is actively engaged in several projects dedicated to the development of Armenia, grounded on international best practices and standards. Our projects enlist the expertise of top professionals from various countries, who bring their knowledge and experience to the realization of the company’s projects.
Currently, the company is actively involved in various projects, including the restoration of the historical reputation of Dilijan, namely comprehensive renovation and modernization of the sole sports school with state-of-the-art equipment, the development of a multi-functional complex featuring a unique concept in the region, preservation and restoration efforts for select historical buildings, the implementation of a city taxi service incorporating electric and hybrid vehicles, the organization of international annual festivals, and programs aimed at enhancing the “entrance” to the city of Dilijan, serving as a distinctive hallmark for other emerging cities.
Concurrently with the aforementioned initiatives, discussions are in progress with international companies established in Armenia concerning the execution of exclusive business programs focused on education and development. The outcome of these endeavors is anticipated to result in the creation of hundreds of new jobs that align with the highest standards of the labor market.
In relation to the discussions regarding the improvement project for the 4th section of the Circular Park, we wish to inform you that several months ago, the company received a proposal from the Yerevan Municipality to present a project for the transformation and improvement of the Circular Park, known as O4 Green Urban Hub.
To bring O4 Green Urban Hub to fruition, the company has expressed its readiness to invest over 8.5 million dollars. In the event of the project approval, these funds would be allocated for the planning and execution of the initiative. The primary objective is to restore the Tamanyan project of Yerevan’s Circular Park and transform it into an urban park adhering to international standards. This entails the preservation of all structures with historical and cultural significance, along with the provision of round-the-clock service.
We have conducted a preliminary examination of the preferences expressed by the citizens, and prior to finalizing the design, we had plans to facilitate public consultations. This step aims to gather public perceptions on the area and pinpoint the most favored options for the restoration of the park. An international company, possessing expertise in the field, would be chosen to collaborate on the project, with the involvement of local specialists.
The implementation of the project is presently under discussion with the Yerevan Municipality, and currently, there is no signed document between the Municipality and Green Rock Management Group. We are closely monitoring subsequent developments and will assess solely the viability of executing this social program for our organization. Additionally, we are exploring the prospects of investing the specified amount in other business projects.
