Podgorica – First golf bank from United Arab Emirates has separated about a billion of euros for investment in Montenegro. That was said to their hosts by the representatives of the bank, at the head with the general director Abudlahamid Mohd Saheed who is already two days staying in Podgorica.
With Arab bank men yesterday spoke Prime minister Zeljko Sturanovic, ministers of tourism and of economic development Predrag Nenezic and Branimir Gvozdenovic, and their hosts was the president of Atlas group Dusko Knezevic. Arabs yesterday met also the ex Prime Minister Milo Djukanovic.
Director of the First Golf bank Mohd Saeed said yesterday for “Vijesti” that their visit came “after the made contacts and presentation of the possibility of investments in Montenegro which last month Knezevic and Djukanovic gave in their country”. Arab bank men have yesterday visited the Montenegrin coast, and a day earlier they were in the north. They have been presented with the possibilities of investment in Velika plaza, Ada Bojana, Valdanos and other tourist complexes at the sea and on the mountain, for which they have shown great interest. The heads of the First Golf bank were offered, except the project in the area of tourism the investments in the energetic sector and the sector of research of oil and gas on the Montenegrin coast.
Soon in Montenegro a team of experts of the bank that would analyze concrete projects should arrive. Arabs told that they are ready to invest more than a billion of euros if “all the puzzles click together”.
Montenegro suits them, as they said, because it fulfills several important pre-conditions – official currency is euro, their seat is nearby the west Europe, and they have signed the agreements about the stabilization and association with the European Union.
First Golf bank is one of the leading ones in the United Arab Emirates, with the seat in Abu Dhabi and joined offices in Dubai and other Emirates. It is organized as a public enterprise in the ownership of several sons of the late sheik Zajed bin Sultan Al Nahjana.
According to preliminary data, last year it had the growth of about 45%, that is a profit of 300 billions of euros, which is about a half of the Montenegrin year budget, and it employs over 2.000 people.
They are planning to expand themselves to international market and to open financial centers starting from Singapore and Great Britain. Bank recently well the A rating from the credit agency Fitch. One of the fastest growing banks in that region, and only in the year 2005 thanks to the increase of the price of oil its stocks went up for 400%.
STARTEGIC PARTNERS OF ATLAS GROUP
Arab investors have announced that they will establish a strategic partnership with Atlas group and Atlasmont bank in Montenegro. Director of Atlasmont fund, a member of Atlas group, Velibor Milosevic confirmed for “Vijesti” that the First Golf bank is ready to invest more than a billion in Montenegro.
Milosevic yesterday together with the heads of the Arab bank was at the Prime Minister Sturanovic.
– They are interested in investing in Atlas business center which will be built on 80.000 square meters in Podgorica, tourism, real estates and infrastructural projects – said Milosevic.
Z.V. – D.M.C.