Another €500 Million Will Be Invested in the Porto Montenegro Project in Tivat

To date, around 500 million euros have been invested in Porto Montenegro. “Over the next 10 years, we will invest the same amount again to build new facilities and develop about half of the remaining land of Arsenal,” said Danilo Kalezic, PR representative of Adriatic Marinas, the company implementing the project. “We have developed only 30% of the territory of the former military shipyard ‘Arsenal,’ which covers 24 hectares,” Kalezic added. Adriatic Marinas CEO David Margason emphasized that the company’s goal is to make Montenegro one of the world’s most renowned maritime centers for superyachts and megayachts. This season, occupancy at the marina in Tivat is 11.5% higher than a year earlier. “All berths for yachts shorter than 30 m were occupied. We hope to surpass last year’s results in the accommodation of vessels longer than 30 m as well. We will expand our offering with a new yacht service center in the port of Bijela, which is also located in the Bay of Kotor,” Margason noted.