In the sphere of land development, Vagan Arutyunyan is an experienced problem-solver and a visionary. As a President of AVA Group, Arutyunyan contributed to the company's development into one of the top developers in Russia that implements large-scale projects not only in construction but also in enhancing people's quality of life.

Vagan Arutyunyan and his company AVA Group

Arutyunyan Vagan Arsenovich established the AVA Group with the objective of constructing properties that meet organizational requirements and the requirements of the community. In the years of its existence, the company has built millions of square meters of real estate including residential, business, and even tourism sectors. A recruiting company is located in several areas such as Krasnodar, Moscow, and Sochi, and it is engaged in some sectors such as hotel services, Information technology, and agriculture production.

The company is owned in equal proportion by Vagan Arutyunyan and Umar Kremlev who are both 50/50 partners. Arutyunyan is in charge of the operational management of the company, and the partnership has enabled the company to diversify into hi-tech projects and federal-level projects.

Fixing Long-Delayed Projects: The Kino Residential Complex

Among the projects that have been implemented by Vagan Arutyunyan in Krasnodar, one can name the finalization of the “Kino” residential complex. The project began in 2014 but failed to find sufficient funding and left more than a thousand customers without the homes they purchased. In 2021, AVA Group became the investor and the general contractor of the project and was able to complete the first stage of the project only in 2024.

“This is a big moment for everyone involved—the buyers, the builders, and the region as a whole,” said Arutyunyan Vagan Arsenovich. “But there's still work to be done as we move on to the second phase.” With this project, AVA Group has shown it can handle tough situations and turn them around.

Supporting Innovation: High-Tech Startups in Sochi

This isn't just about buildings. Recently, Vagan Arutyunyan's AVA Group announced plans to create a platform in Sochi to help high-tech startups. This collaboration with the Association of Fast-Growing Tech Companies focuses on supporting new businesses with potential. The platform will provide resources, financial assessments, and connections to investors.

According to Arutyunyan, the goal is to give promising companies the tools they need to grow. “Some startups just need that extra push—whether it's funding or guidance. We're here to provide that,” he explained.

Industrial Growth: Pushchino Industrial Park

One more large-scale project, implemented by Vagan Arutyunyan, is the Pushchino Industrial Park in the Moscow Region. AVA Group is to help develop this large-scale park, which will contain production and laboratory zones. The park is expected to generate more than 1,000 new employment opportunities and lure industries such as IT, medicine. Due for completion in 2026, the project demonstrates AVA Group's focus on the development of various sectors.

A Practical Approach to Development

What sets him apart is his ability to focus on both the big picture and the practical details. Whether it's investing in technology hubs or finishing a long-delayed residential complex in Krasnodar, Vagan Arutyunyan's leadership combines problem-solving with long-term planning. While AVA Group's projects vary in scale and type, the common thread is a focus on delivering results.

Conclusion

Here is someone who gets things done. As the head of AVA Group, Vagan Arutyunyan has helped deliver homes to families who were left waiting and created opportunities for startups and industries to grow. His work across Krasnodar, Sochi, and Moscow shows a practical approach to building not just structures, but better opportunities for people and businesses alike.