Foreign investment floods into Montenegrin tourism

26th Jul 2013
Foreign investment floods into Montenegrin tourism Montenegro is a developing tourism destination

After gaining independence in 2006, Montenegro, a country half the size of Wales and with a population of just 625,000 has attracted over €4 billion in foreign investment, and now has investors from over 100 countries around the world.

The latest property development funded by British private equity company, the Boka Group - who have themselves managed over €1 billion of development value in the country, celebrated the start of construction on its latest scheme of luxury villas overlooking Kotor Bay last week, marking the start with a foundation stone ceremony attended by the mayor of Kotor.

Speaking recently minister of sustainable development and tourism, Branimir Gvozdenović said: “It is an easy country in which to do business and visit.

“We want to focus on luxury tourism and achieve a high standard of service to give us a competitive advantage.

“We are very proud that we now have investors from 107 countries around the world.

“Only two years after independence, foreign direct investment had increased close to 1 billion euro, compared to ten million euro only seven years before.”

The minister also stressed: “Not only will Montenegro be able to offer top quality accommodation, it also offers a diverse experience- in a short expanse of time, you can visit the coast, the canyons inland, Lake Skadar and the mountains.”


Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation