Bilateral partnership between Gift Real Estate plc and ARMASTEK Ltd: the companies sign a cooperation agreement to modernize real estate construction with new technology

Gift Real Estate plc and ARMASTEK Ltd (a Russian company) signed a memorandum of understanding to facilitate cooperation in the area of technological applications for modernize real estate construction with new technology.

The agreement allows for the implementation of construction technologies that can modernize real estate.

According to this, preparatory work is being done to put fiberglass rebar into operation, which can replace concrete steel.

This technology has been in use in European countries for the past eight years and is working to become a pioneer in gift real estate by importing it to our country.

Works is being done to build the factory in the country so as not to face a shortage of product supply.

A fiberglass rebar house is three times stronger than a reinforced concrete house, less expensive, and nine times lighter.

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