We are happy to announce the successful completion of our recent project in Armenia! At MTBS (Maritime & Transport Business Solutions BV), we are dedicated to adding value by delivering creative solutions to our public and private clients in the port & transport business. Our main objective was to conduct a comprehensive feasibility study for the development of a Dry Port and Special Economic Zone (SEZ) in Shirak, Armenia. This included a market analysis, financial and economic feasibility studies, an environmental and social impact assessment, and a thorough tax and regulatory review.

A big thank you to our incredible team and key partners, GP Management Advisory and Crowe & Asatryans LLC, for their collaboration and dedication to the success of the project. Special gratitude to Charle Malas, the visionary behind this idea. The partnership with the Ministry of Economy of Armenia ensured a smooth and efficient execution.

This project goes beyond infrastructure; it aims to contribute to the overall development of the South Caucasus, connecting multiple continents. Furthermore, the project aligns with the Armenian Government’s vision of a Crossroads of Peace in the region, facilitating trade and transport in the region based on long-term peace and equality. The project not only enhances local transport infrastructure but also creates opportunities for businesses and communities in the Shirak region. It’s a step towards empowering the region and fostering sustainable growth.

We are pleased to announce that following our feasibility study, the project is included on the national investment agenda. This marks a promising step forward, and we eagerly anticipate the potential opportunity to continue our collaboration and service to the Ministry of Economy of Armenia.

For further information, please contact:

Dirk van Niekerk       Manager MTBS          E: [email protected]                              M: + 31 (0) 6 5316 0671

Tom Beving                  Manager MTBS          E: [email protected]                                        M: + 31 (0) 6 5190 4328