On December 17, 2019, an official meeting was held in Nanjing, Jiangsu province between the Fund for Regional Development of Chinese-Armenian Relations and the Jiangsu Provincial Construction Group Overseas Subsidiary. The parties discussed a number of issues related to the construction of residential and commercial real estate on the territory of the Republic of Armenia and the joint work plan for 2020. In addition, the Chinese side confirmed its desire to fully take over all construction projects that were proposed by the Fund. As a result of the meeting, a "Strategic cooperation agreement" was prepared between the two companies and signed by the Chairman of both parties.
"Jiangsu Provincial Construction Group Overseas Subsidiary" is the largest construction company in Jiangsu province and is included in the list of TOP 150 construction companies according by ENR magazine.