What Element Construction does

Element Construction is a Tbilisi, Georgia-based general construction and engineering services company founded in 2007, operating as a subsidiary of Element Holding. The company delivers five integrated service lines: industrial construction (factories, logistics centers, warehouses), civil construction (residential complexes, hotels, commercial and public buildings), hydrotechnical construction (hydroelectric stations, water reservoirs, pumping stations), architectural and engineering design services, and fit-out/renovation works (operated in part through subsidiary Element Fit-Out). Its technology stack emphasizes international construction standards, prefabricated reinforced concrete and metal structures with fire-resistant coating, and energy-efficient building materials, with quality audited by Société Générale de Surveillance and ISO 9001:2015 certification.

The firm operates an enterprise field sales model, securing large-scale projects through direct engagement with corporate clients, developers, and government entities across Georgia. Its portfolio includes landmark works such as the $241M Hisni 36-story multifunctional complex, the $300M CITYZEN Central Park project (with a Zaha Hadid Architects-designed business tower), and the 48,000 sq.m. IDS Borjomi production facility — described as the largest in its industry in Georgia. Element Construction serves 80+ enterprise clients including McDonald's, Wendy's, Coca-Cola Bottlers Georgia, EFES Georgia, Diplomat Georgia, IDS Borjomi, Best Western, and Aversi, with 450 employees and a 31-unit equipment fleet delivering against 150+ completed projects.

The business generates revenue through project-based construction contracts combining design, construction, and fit-out services, with pricing determined per engagement based on scope, complexity, and client requirements. Since 2024 the company has expanded internationally into Uzbekistan through a partnership with Beltera Holding for civil construction projects, and in 2025 opened a USAID-supported Skills Development Training and Retraining Center to scale workforce capacity.

Name

Element Construction

Legal name

Element Construction

Website

https://ec.ge

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

Industrial Building Construction (23621), Nonresidential Building Construction (2362), Utility System Construction (2371)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Office & Corporate Building Construction (IMAFACAA)

akta.pro secondary industry

Food & Beverage Processing Plant Construction (IMAFADAH)

Keywords

• Construction services
• Industrial construction
• Civil construction
• General contracting
• Design and build

Headquarters

HQ city

Tbilisi

HQ country

Georgia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Construction Services: General construction services for industrial, civil, and hydrotechnical projects. Revenue is generated through project-based contracts including design, construction, and fit-out services for various commercial, residential, and industrial clients.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels9 records

Core offering

Element Construction provides design, construction, and fit-out services for industrial facilities (factories, logistics centers, warehouses), civil/residential and commercial buildings (hotels, residential complexes, mixed-use developments), and hydrotechnical infrastructure (hydroelectric plants, water reservoirs, pumping stations). The company delivers project-based contracts to enterprise clients, developers, government entities, and international brands across Georgia and Uzbekistan, following international construction standards with ISO 9001:2015 certification and SGS-verified quality management.

Product overview

Element Construction operates as a single unified service offering focused on construction and related services. The portfolio consists of five integrated service lines: Industrial Construction (factories, logistics centers, warehouses), Civil Construction (residential, hotels, commercial, tourist infrastructure), Hydrotechnical Construction (hydroelectric stations, water reservoirs), Design Services (architectural and engineering design), and Fit-out Works (interior finishing and renovation). These services are often combined in projects - for example, the Borjomi Factory project involved industrial construction combined with fit-out works, while the Cityzen Central Park project involves civil construction with design services. The company maintains international standards across all offerings and has completed 150 projects with 450 employees serving 80+ clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Construction (ინდუსტრიული მშენებლობა) Design and construction of industrial facilities including factories, logistics centers, and warehouses following international standards, for enterprise clients in manufacturing, beverage, food processing, and logistics sectors.
• Civil Construction (სამოქალაქო მშენებლობა)
• Hydrotechnical Construction (ჰიდროტექნიკური მშენებლობა)
• Design Services (პროექტირება)
• Fit-out Works (სარემონტო სამუშაოები)

Quantifiable outcome

• 150 completed projects
• +3 more outcomes

Named customers22 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core, flagship and minor.

• Beltera HoldingcoreStrategic or Co-development Partner · 1 January 2024Strategic partnership for civil construction projects in Uzbekistan since 2024. Element Construction operates in Uzbekistan through this local partnership to expand into the Central Asian market.
• Zaha Hadid ArchitectsflagshipStrategic or Co-development PartnerCollaboration for the business tower design in CITYZEN Central Park project - a landmark multifunctional complex in Tbilisi
• Element HoldingcoreOthersParent company of Element Construction; received Golden Brand award for contribution to construction sector development
• USAID Industry-led Skills Development ProgramcoreStrategic or Co-development PartnerPartnership for establishment of Skills Development Training and Retraining Center opened January 2025
• UN Global Compact Network GeorgiacoreStrategic or Co-development PartnerActive member since 2021; participated in Circular Economy Action Platform discussions on industrial waste management and sustainable solutions
• Frankfurt Chamber of CraftsminorStrategic or Co-development PartnerTraining partnership for international expertise exchange; conducted two-week practical course on scaffolding installation with bilingual certification
• American Chamber of Commerce in Georgia (Amcham)minorGTM or Marketing PartnerPartner organization for business networking and industry collaboration
• British EmbassyminorGTM or Marketing PartnerCo-partner of Tbilisi Architecture Forum alongside Element Construction and Zerone
• ZeroneminorStrategic or Co-development PartnerSubsidiary of Element Holding; co-partner of Tbilisi Architecture Forum
• CityzenflagshipStrategic or Co-development PartnerInitiated and supported the Tbilisi Architecture Forum; major ongoing construction project - CITYZEN Central Park worth $300M
• Société Générale de SurveillanceminorOthersConducts quality audits for Element Construction - one of the leading inspection, verification, and certification organizations globally
• IG Development GeorgiaflagshipStrategic or Co-development PartnerParent company of Cityzen; major client for whom Element Construction has delivered multiple projects including Noste poultry farms, IG AGRO hazelnut plant, West Invest facilities

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Renaissance Construction: Renaissance Construction is a major Turkish contractor active across the CIS, including Russia and the Caucasus, building industrial facilities, commercial centers, and infrastructure. A direct regional peer competing for similar large-scale projects in markets adjacent to Element's footprint.
• Polimeks İnşaat: Polimeks is a large Turkish construction contractor with extensive CIS and Central Asia footprint, executing industrial facilities, airports, and infrastructure. Comparable as a peer because it pursues similar industrial and large-scale civil projects across emerging markets where Element is expanding.
• Limak İnşaat: Limak is a major Turkish construction group executing airports, industrial facilities, and infrastructure across Turkey, the Middle East, and CIS. Comparable as a regional peer competing for industrial and infrastructure contracts in adjacent emerging markets.
• Kolin İnşaat: Kolin is a diversified Turkish construction firm with industrial, infrastructure, and energy projects across Turkey, the Middle East, and CIS. Comparable as a peer because it competes for industrial plant and civil construction contracts in similar emerging markets.
• Ant Yapi: Ant Yapi is a leading Turkish construction firm with deep experience in industrial plants, commercial high-rises, and mixed-use developments across the CIS and Eastern Europe. Relevant as a peer in industrial and commercial construction for multinational clients in emerging markets.
• ENKA İnşaat: ENKA is one of the largest Turkish engineering and construction firms, with significant operations in the CIS, including power plants, industrial facilities, and commercial real estate. Comparable as a broad incumbent that competes for the same kind of large industrial and commercial contracts Element pursues.
• STRABAG SE: STRABAG is a major European construction group with operations across Central and Eastern Europe and the CIS, including transportation infrastructure, commercial buildings, and industrial facilities. Relevant as a global incumbent that competes for large-scale construction tenders in markets where Element operates.
• Fluor Corporation: Fluor is a global engineering and construction firm with deep expertise in industrial plant construction (energy, chemicals, mining, food processing). Relevant as a broad incumbent peer in the industrial construction segment Element serves.
• Bechtel Corporation: Bechtel is a global engineering, construction, and project management firm specializing in large-scale industrial and infrastructure projects (energy, mining, transportation). Comparable as a peer in industrial plant construction for multinational clients and large flagship projects.

Direct peers

• Anagi: Anagi is a major Georgian construction company with broad capabilities across industrial, civil, and infrastructure projects in Tbilisi and across Georgia. It is the most direct in-market competitor to Element Construction, competing for similar government, multinational, and developer clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Element Construction