President of Montenegro Milo Djukanovic, at the invitation of Ahmet Erentok, Chairman of the Board of Directors of Azmont Investments, visited the works at the Portonovi resort in Herceg Novi.
On this occasion, the preliminary works of the first phase of the construction, contents and activities, which will be available to the local and international public from 1st of August this year, were shown for the first time.
When Azmont Investments entered the Montenegrin market in 2012, its contractual obligation was to invest 52 million euros in the first four years, or 258 million euros in eight years. By the end of June this year, Portonovi’s investor invested 469 million euros, while the total investment at the completion of all works would be close to 1 billion euros, the company stated. In all segments of the project, an average of 1,560 workers are now engaged.
The Resort spans over 26 acres and consists of 1.8 kilometers of an exclusive coastal area with 214 residences. World brands, such as the first One&Only in Europe with the Espace Chenot Health Wellness Spa Center, and D-Marin Portonovi Marina with 238 berths and the ability to receive boats up to 120m long, are part of the Portonovi’s resort offer. Within the marina, a border crossing is also envisaged.
Portonovi settlement is designed in a traditional Mediterranean style with a combination of bohemian and Venetian architecture, with respect to Montenegrin history, tradition and culture of life and construction. With its completion, the quality and standards of Montenegro's tourist offer will significantly increase.