BAKU, Azerbaijan, Nov. 29
By Matanat Nasibova – Trend:
Landscaping and facade work completed as part of the implementation of a big construction project in Azerbaijan’s Sumgait city being carried out by the PMD Group, Kamil Aliyev, head of the business expansion department of the company, said.
“The work is associated with the construction of an expensive housing estate in Sumgait on an area of 86,000 square meters,” Aliyev added.
"The project envisages the construction of nine buildings of the Premium class; the average cost per square meter in the residential complex is 1,100 manat ($648),” the head of the department said. “The project will cost about 50 million manat ($29 million). The project envisages the construction of 446 apartments and 511 underground parking spaces for cars."
The head of the department stressed that the project is being implemented and funded by the PMD Group itself.
"The time-frame for the completion of the construction of the residential complex is scheduled for summer 2020,” Aliyev added. “The landscape and facade work is planned to be completed soon.”
“The residential complex will meet high European quality standards,” the head of the department added. “The project involves a Scandinavian company that installs ventilation and air conditioning system, as well as a Turkish company, which is engaged in the installation of doors and windows."
The company has been operating in Azerbaijan since 2013. Besides the construction and implementation of big projects in Azerbaijan, the company specializes in asset management, real estate investments, as well as administrative management of facilities. Its strategic goal is to make a great contribution to the development of this sphere in Azerbaijan.
PMD Group’s partners are Kapital Bank, Absheron Hotel, ADA.
The company has implemented such projects as the Vurgun Residence residential complex, located near the Park of Officers in Baku, which consists of 18 floors and has been constructed in accordance with the modern architectural standards.
Among other projects of the company is the restoration of Molokan Palace and the construction of the BEGOC Business Center, which is a multi-purpose building that meets the modern quality standards and other projects.
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