Marina Porto Montenegro
Marina Porto Montenegro – Acquired by Investment Corporation of Dubai
Marina Porto Montenegro was acquired by the Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai. The transaction marks ICD’s first investment in Montenegro and the yacht marina sector, both of which are expected to experience strong growth in coming years. ’The internationally renowned Porto Montenegro presents an opportunity for ICD to access a successful business with significant potential for development expansion, both in the marina and landside,’ said His Excellency Mohammed Al Shaibani, Executive Director and CEO of ICD.
In addition to 450 berths already built and fully occupied, and with the necessary approvals in hand to build another 400 berths plus develop land with a BUA of 280,000 square meters, the resort has the potential to double in size and become the leading luxury yacht port on the Mediterranean. Also, the Porto Montenegro Yacht Club has expanded its offer for 2016 by incorporating Porto Montenegro’s Sports Club and Tennis Club into its structure alongside the iconic 64 meter outdoor pool and outdoor restaurant. www.portomontenegro.com