Vаgan Arutyunyan Biography

Vagan Arutyunyan, a prominent figure in Russian real estate and innovation, has significantly shaped the landscape of urban development. During his tenure as the President of AVA Group, Arutyunyan Vagan Arsenovich has implemented and initiated many revolutionary projects which has placed them among the top developers in Russia. The company has millions square meters of real estate space and is developing much more for housing, business, and industrial use.

Vagan Arutyunyan of AVA Group: Key Projects and Achievements

1. Residential Development in Krasnodar 

Among the achievements of the businessman Vagan Arutyunyan we can note the construction of the “Kino” residential complex in Krasnodar. This project was initiated in 2013, and more than one thousand equity holders were still waiting for their homes till AVA Group became the investor and the general contractor in 2021. The first phase of the project was completed by 2024 and finally provided some consolation to the families.

The “Kino” project is a part of a larger plan of AVA Group of Vagan Arutyunyan in addressing complex developments with the goal of delivering quality and on time. Other successful projects are residential complex Fresh, AvvorA, Marshal and others.

2. High-Tech Startups in Sochi 

Vagan Arutyunyan AVA Group is also making waves in the tech industry. Partnering with the Association of Fast-Growing Tech Companies, AVA Group has announced plans to develop a platform in Sochi for high-tech startups. This platform will provide critical support, including financial assessments and connections to investors, to help promising businesses scale.

As Arutyunyan Vagan Arsenovich explained, the initiative is designed to “give startups the support they need to grow, whether it’s funding or strategic guidance.” The platform will focus on industries like IT, medicine, and engineering, aligning with state programs to foster innovation within Russia. 

3. Pushchino Industrial Park in Serpukhov 

In the Moscow Region, AVA Group is spearheading the Pushchino Industrial Park project, an ambitious development expected to create over a thousand jobs. Scheduled for completion in two years, the park will feature advanced production and laboratory facilities. The project reflects businessman Vagan Arutyunyan’s commitment to supporting diverse industries, from medicine to automotive technology.Arutyunyan Vagan Arsenovich: Driving Innovation and Growth

Vagan Arutyunyan’s biography highlights a career built on addressing challenges and seizing opportunities. As a leader, he is known for combining practical problem-solving with a forward-thinking approach. Whether resolving complex housing projects in Krasnodar or investing in tech infrastructure in Sochi, he consistently focuses on creating lasting impact.

Key Highlights of AVA Group

- Scale and Reach: Millions of square meters of completed projects, with active operations in Krasnodar, Sochi, and Moscow. 

- Diverse Portfolio: Includes residential complexes, industrial parks, and high-tech platforms. 

- Collaborative Leadership: Co-owned by Vagan Arutyunyan and Umar Kremlev, ensuring a blend of operational expertise and strategic partnerships. 

- Commitment to Innovation: Support for high-tech startups and industries through targeted investment and resources.

This company stands out for its ability to adapt and innovate across multiple sectors. From completing challenging residential projects to supporting startups and industrial developments, businessman Vagan Arutyunyan demonstrates a balanced approach to growth and sustainability. His work continues to shape the future of Russian development, offering practical solutions and opportunities for communities and industries alike.