Montenegrin investment company opens representative office in Azerbaijan

Montenegrin investment company opens representative office in Azerbaijan

Baku, Azerbaijan, Jan. 13

By Anvar Mammadov - Trend:

The Montenegrin private investment company Azmont Investments has opened a representative office in Azerbaijan, the Azerbaijani Taxes Ministry's Vergiler newspaper wrote Jan. 13.

The official representative of the company is Qorkhmaz Aghayev. The company was registered through a single window system of the Taxes Ministry December 15, 2015.

Azmont Investments is the Montenegrin private company, implementing a number of projects in the Bay of Kotor by using the investments from Azerbaijan. The largest project of the company is the construction of the One & Only tourist complex in Kumbor which is the first complex in Montenegro and Europe.

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The company plans to invest 500 million euros in the construction of the complex in Kumbor. The project is planned to be implemented for three years. There will be a 550-room hotel, villas, apartments, a wellness center, a conference center for 1,000 people, restaurants, bars, shops and a sandy beach in a 24 hectare-area.

In total, Azmont Investment invested 150.5 million euros ($165.2 million) in the construction of a tourist center in Montenegro until late 2015.

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