In 2007 Albert Avdolyan, together with Sergey Adoniev, co-owner of Telconet Capital Fund, established Scartel Telecommunications Company.
In the fall of 2018 Albert Avdolyan entered the capital of a group of enterprises for the production of mineral fertilizers and ligatures (including the Hydrometallurgical Plant, Southern Energy Company and Intermix Met), which is located in the city of Lermontov, Stavropol Territory.
In 2019 Albert Avdolyan’s A-Property entity became the owner of Yakut Fuel and Energy Company (YATEC),[13] which was controlled by Ziyavudin Magomedov.
On January 16, 2019 the Arbitration Court of Yakutia introduced a monitoring procedure for the company for a period of four months, until mid-May.
Today, the company is safe from bankruptcy, and A-Property is the majority shareholder, which owns 20.16% of the ordinary shares of YATEC, PJSC.
The new management of YATEC announced plans to invest more than RUB 4.7 billion in industrial safety, ecology, maintenance and repair work and renovation of gas production infrastructure[16].
[19] As soon as the debt remaining from the previous owner to the VEB RF was repaid, the team of Albert Avdolyan began to implement an investment program that provides for an increase in coal mining by nine times, and processing by ten times, as well as expanding the carrying capacity of the Elga-Ulak railway.
In July 2022 A-Property Development of Albert Avdolyan completed the consolidation of the shares of Sibanthracite group.
[30] The company currently supplies coal to customers via its own Elga-Ulak railway line, which links the deposit with the Baikal-Amur Mainline.
As a result of its modernization in 2022, the length of this railway artery has grown to 386 km, and the throughput capacity has increased fivefold.
After the construction of the PR and the completion of other ELSI infrastructure facilities in the Khabarovsk Krai, the total length of the railway owned by the company will be about 1,200 km.
[34] The “Point of the Future” includes a comprehensive secondary school for a thousand students, a centre for social and psychological support, a settlement for families with foster children and a kindergarten.
[36] Other charitable initiatives of Albert Avdolyan include the largest private contribution to the fund to help flood victims in Krymsk,[37] assistance to flood victims in Irkutsk,[38] repayment of loans of 78-year-old local historian Svetlana Pshennikova for the publication of a book about fellow countrymen who died in the Great Patriotic War.