Investment Corporation of Dubai (Investment Corporation of Dubai – ICD) has purchased the famous project "Porto Montenegro" – an elite quarter in Tivat, located the shores of Boka-Kotor Bay, – the company Adriatic Marinas for ˆ210 million. it is reported portal Balkanpro.
The complex includes a Marina for yachts, luxury residential area, 5 stars hotel, a luxurious swimming pool and infrastructure. The transaction value was much less than the amount of ˆ800 000, appeared in informal conversations, notes Balkanpro.
The initiator of the project and the main owner was canadian billionaire Peter Munk. Among his partners are the local media called the Russian businessman Oleg Deripaska, the French magnate and the owner of Louis Vuitton and many other brands of Bernard Arnault, Baron Jacob Rothschild and his son, the financier Nathaniel Rothschild. The project implementation began in 2006, when Peter Munk acquired the former military shipyard in Tivat for ˆ23 million Since then, according to the company Adriatic Marinas, Porto Montenegro has invested more than ˆ400 million Sovereign Fund ICD (United Arab Emirates) founded in 2006. According to some estimates, it has assets worth around ˆ20 billion.
The interests of the Fund apply to the financial sector, energy and transport sector, industry, retailers, real estate and tourism.
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