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IBERIA CONSTRUCTION
 
Iberia Real Estate founded Iberia Construction in 1999.  Since its establishment the company’s main activity has been construction of residential and non-residential multi-storey buildings.
 
The company has demonstrated steady growth and development over the past 8 years.  At present, Iberia Construction employees 290 people of which 34 held administrative positions.  Its construction capacity is up to 60,000 sq.m. per year. Through strict quality control and construction timeline effective management Iberia Construction provides reliable premium quality services to its clients.
 
Having in-house construction ARM enables Iberia Real Estate to control quality, timeliness, and construction costs of its development projects. 
 
The company is constantly investing in staff and management development.  The staff members often participate in training programs in Georgia and abroad. The top management representatives often visit international exhibitions and business forums. Implementation of modern ERP system (JD EDWARDS ENTERPRISE) is under way.    This will further enhance company’s ability to effectively manage construction cost, resources and processes.
Iberia Construction is focusing on vertical development. It will develop vertical units specializing in different elements of construction process: raw materials, concrete, concrete blocks, PVC and Aluminum door and window production. This strategy is driven by the current market conditions where construction resources/capacity is limited. 
 
Current increase of investments in Georgian real estate projects will increase demand for construction services and will generate growth opportunities for Iberia Construction. 
 
Iberia construction focuses on development of information management systems, which will allow industrialization of construction management processes and inventory management.
 
In 2007 two mln USD was invested in modernization of equipment.
 
Founder of LTD Iberia Construction is JSC Iberia Real Estate.  Recently the American investment Firebird Avrora (Firebird) has acquired 40% stake in JSC Iberia Real Estate.
 
 
 
NIKA TSIKLAURI
Director
Iberia Construction
32 Al.Kazbegi Ave., Tbilisi 0177, Georgia
Tel: +995 32 31 21 15
Fax: +995 32 31 21 15
E-mail: nika.tsiklauri@iberia.ge