The new Monte Carlo, the port of Montenegro has been acquired by the Investment Corporation of Dubai, the principal investment arm of the Government of Dubai.
The new Monte Carlo, the port of Montenegro has been acquired by the Investment Corporation of Dubai, the principal investment arm of the Government of Dubai. The deal includes the purchase of Porto Montenegro Marina and Resort.
The small port of Montenegro has become the new hype for superyacht owners and it’s expected that it will experience a strong growth in the coming years. Located in the Bay of Kotor, Porto Montenegro offers a lifestyle community of yacht owners, residents, and tourists, set against the beautiful backdrop of the Montenegrin mountains.
In the last ten years, this area has established itself as a prime destination for the yachting community and was awarded the Superyacht Marina of the Year in 2005.
“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.
The marina has already 450 yacht berth already built and occupied, and will build another 400 berths. The resort will also double in size over the coming years.