Portonovi Montenegro is a world-class resort community that is located in the UNESCO- protected Boka Bay, the Montenegrin jewellery box with its chalk white coastal churches and picturesque fortified towns. Enveloped in the exquisite Bay, Portonovi is the home to a new €650 million, 60 acre mixed-use luxury development.
Montenegro is getting another world brand and a prestigious high-class resort with more than 700 workers have been employed on the construction site, and that by the end of the year, a total of 1,000 workers will be hired only for construction works.
“We expect that hundreds of jobs will be created once the construction works are completed and, of course, we expect the most exclusive clientele that will not only make a profit to Montenegro, but also bring new value in terms of knowledge and capabilities for managing Montenegro’s resources and potentials. Congratulations to the investor for the quality and the dynamics of the works. Indeed, everything we have seen is not only a reason for satisfaction but also for pride,” said Prime Minister Duško Marković.
The Azmont management informed the Prime Minister about the fact that the initial investment of EUR 258 million was doubled and that the total investment by the end of 2018 will amount to EUR 500 million without the value added tax, while next year, at the end of the first phase of the project, the total investment will exceed EUR 1 billion.
Chairman of the Azmont Board of Directors Ahmet Erentok presented data according to which, when operating in full capacity, the resort will employ 700 people, mainly from Montenegro.
“We have a very tight schedule. This time next year, in July 2019, people will be walking around here, enjoying coffee and food, and we will be very pleased because we will be providing a wonderful service to our guests,” Mr Erentok noted.
Prime Minister Marković and Chairman Erentok agreed that the grandiose project represents an excellent example of high-quality and efficient cooperation between the Government and investors.
“This project is the best example of how a good investment is being realised by a credible and serious investor. This is what Montenegro needs – a good investment, high-quality investment and, of course, a good and responsible investor. The Government will provide all the necessary support to turn this unique resort and this unique location in the Mediterranean into a common good for Montenegro and beyond,” the Prime Minister pointed out
The Chairman of the Board of Directors of Azmont said that he recommends Montenegro as an investment destination.
“Since we have not had any problems in this country, I advise all serious investors to come here with a serious project and invest in Montenegro. I am speaking on the basis of my 35-year business experience. If you come here and invest seriously and in the right way, you will always be satisfied,” said Ahmet Erentok.
At the end of the visit, the Prime Minister congratulated the Azmont on the successful realisation of the investment, not hiding his enthusiasm for the project.
“I have no words that could describe what we have seen and show respect for the vision of development. This is what we want Montenegro to be in the future,” Prime Minister Duško Marković concluded.
Read more: http://www.portonovi.com/
