Porto Montenegro under new ownership
Telegraf 10.05.2016 | Telegraf.co.uk / source www.su
The principal investment arm of the Government of Dubai, the Investment Corporation of Dubai (ICD), has today announced that the company will purchase Porto Montenegro Marina and Resort from Montport Capital. Located in the Bay of Kotor, a World Heritage Site in the Adriatic Sea, the marina is known as one of the most picturesque in the world and also won Superyacht Marina of the Year in 2015.
The move to acquire Porto Montenegro Marina and Resort is in alignment with ICD’s strategy to add high quality international assets in fast growing markets to its substantial portfolio. 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. PICTURES OF THE DAY: Beautiful creatures visited Montenegro coast yesterday. You have to see them! “The
