The monument, created by Franguyan, was installed on October 7, 1998, in Belgium as part of the "Days of Peter the Great" festival. The bronze statue of Peter I occupies the spot where the emperor himself once walked when he arrived in Antwerp to visit the Jesuit library. This location is near the Kronenburgh Gate, next to the now-nonexistent Abbey of Saint Michael, where Peter stayed. Today, two important streets of the city intersect here, and a square is located.

The Belgians prepared thoroughly for the installation of the monument to the Russian emperor: the very bells that welcomed Peter in 1717 were retrieved from the museum. They were placed on a special truck equipped for this purpose, and fifty-one bells were secured. The renowned musician and bell specialist Jo Haazen performed melodies on them that Antwerp used to greet Peter during his journey through Europe. All events were held under the patronage of the Government of Belgium and Her Majesty the Queen of Belgium.

Georgy Franguyan placed the majestic figure of Peter I at the edge of a bronze disk, the back of which is supported by four angels. On the raised side of the disk, an inscription in Flemish reads "Peter the Great" along with two medallions featuring the coats of arms of Russia and Antwerp. This disk simultaneously serves as a geographical map and a wax seal, symbolizing the legislation of European geopolitics. An interesting effect occurs when moving around the sculpture: no matter how many times you walk around the figure, the desire to do so again does not fade. This is because the figure is not static: one of the emperor's arms is twenty centimeters longer than the other, which adds dynamism, while the appearance of the king remains harmonious.

Another interesting aspect concerns the invisible part of the sculpture. In the base of the internal structures of the monument, Franguyan used real ship rigging. They are secured inside between the bronze ring in Peter's chest and the underground supports, creating internal tension and providing additional stability to the monument.