Visit-Montengro.com : Only if a Portion of all the Announcements would be Realized

Podgorica – Spanish-German corporation “Iberostar” and its’ partner in Montenegro “Belvi Hotels Group” are planning to take over 10 more hotels in Montenegro, which would make them owners of the largest hotel-chain on the coast of Adriatic.
“Iberostar” is already present in Montenegro for several years now, since it took over the management of Becici’s hotel “Belvi.” Its’ takeover of Ulcinj’s hotel “Otrant” is expected during the upcoming year.
Work Study of Montenegro’s Central Bank (CBCG), which is entitled “Direct Foreign Investment as the Starter for Montenegro’s Economic Development” adds that representatives of consortiums of several foreign companies, including London-based “Deloitte&Touche”, Germany’s “Deutsche Bank”, Israeli “Safira” and several other investors from Italy and other Western European countires¸have expressed interest to enlarge the coast in Igalo for the length of some 3,3 Kilometer and build 35 new hotels.
Russian Electricity Production and Distribution Company “RAO UES” has expressed interest to invest into sector of electricity and energy.
“Preferred model of investment envisages formation of a joint company, that is a joint holding company, which would introduce new sources of energy and revitalize existing capacities. As an investor in Montenegro, the Study envisages the presence of RAO UES daughter-company in Montenegro.
Czech’s “CEZ” and Belgian “Bel” have also expressed interest in Montenegrin Electricity Production and Distribution company.
Scandinavian corporation “Wild beauty development”, that is its’ Montenegrin affiliate “KGM corporation” plans the building of a tourist complex, with golf courts, at Bay of Dobrec at Lustica Peninsula.
Study of CBCG reminds that Hungarian “Trigranit” has expressed interest to invest into an exclusive tourist complex at Ulcinj’s Velika plaza, as well as other investments at the coast and Lake Skadar.
US biggest company for the building of golf courts and hotel capacities – “Landmark Land” – is interested in the building if hotel-tourist capacities and golf courts at Ada Bojana, Jaz, Velika plaza and Buljarica.
Dutch company “Limon” is considering building of luxurious golf courts at Lustica Peninsula, while London’s “Liberty Group” explores the possibilities to implement its’ project at the same location.
Irish company “United Entertainment Partners” is considering building of three five-star hotels in Kotor, while Arab investment group, “Capital Investments” expressed interest in investing to several objects in Podgorica.
“Abu Dhabi’s Sheiks have already expressed their interest for Ulcinj’s Velika plaza, the project which is worth around ten billion dollars and where they would build a tourist complex”, this Work Study adds.
Slovenian “Petrol Bonus” and “Montenegro Bonus”, as CBCG remind, are planning to open at least 20 gas stations during the period of next five years, build a depot for oil derivates, open a modern laboratory, as well as to introduce a system of tanks for keeping of obligatory reserves and gasification of Podgorica.
“Investors from Austria have introduced a study for the building of aerial lift from Kotor to Lovcen. They announced they were also willing to participate in the investments for this objects.
Egyptian investor “Joud Real Estate Fund” and their affiliate “Monte Mena” from Podgorica went public with an advertisement on selling of 160 apartments and 23 villas which will be built at the attractive location of Skocidjevojka in the vicinity of Sveti Stefan”, Study reads.
“Company of Russian investors ‘Sonuba Montenegro’ is considering the building of an exclusive hotel and tourist complex at Maljevic Bay near Sutomore.
Investor plans to build hotel capacities covering 80,000 square meters, apartments with 130,000 square meters and villas for renting with some 50,000 square meters. They would also build a marina and accompanying restaurants with four and five stars.
“Mirax Group” in Budva is building a living and hotel complex “Astra Montenegro” with two luxurious hotels and 40 elite villas, which will take surface of 66,000 square meters.
On that place, 570 rooms and apartment in two hotels will be built. One of these hotels will have 27 floors, while the second would have six. Both hotels will have six stars”, Work Study announces.
Serbian businessman, Filip Zepter has announced that he would invest Euro 150 Million to “Dr Simo Milosevic” Institute in Igalo.

Almost Three Billion in Investments Since 2001

According to the data of CBCG, total influx of foreign investments to Montenegro during the first nine months totaled at around Euro 434 Million, which is by 15 percent more than during the same period during last year.
Total influx of direct foreign investment amount to Euro 2,89 Billion since 2001. CBCG expects claim it will exceed three billion by the end of the year.
According to the data of the Finance Ministry for the upcoming year, there is a guarantee for minimum Euro 300 Million in investments.
By: MINA-BUSINESS NEWS AGENCY