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Azmont Investments reveals investment value in biggest project in Montenegro

Business Materials 22 November 2018 20:57 (UTC +04:00)

Baku, Azerbaijan, Nov. 22

By Matanat Nasibova – Trend:

Azmont Investments has invested approximately 500 million euros in the project of the Portonovi resort in Montenegro, Chairman of the Board of Directors of Azmont Investments Ahmet Erentok told Trend Nov. 22.

He said that this project will provide significant support to the economy of Montenegro.

“For now, it is difficult to unequivocally give exact figures as to how much the project contributes to the growth of the country’s economy in percentage terms, but the result should be visible already in the coming year, when three main facilities will be commissioned within the project,” said Erentok.

Erentok noted that about 30,000-40,000 people will be accommodated annually in the hotels of the resort.

“In March next year, the opening of the harbor will take place, and the construction of the hotel part of the project will be completed at the end of 2019,” he noted. “We expect to receive the first tourists in April 2020.”

He added that as part of cooperation with Azerbaijan, it is planned to represent the Azerbaijani national cuisine and culture in Montenegro.

In the future, it is planned to implement other projects in the economic sphere, he said.

Portonovi is considered the biggest project being implemented in Montenegro. The project includes hotels, restaurants, luxury villas, houses, residences, spas, boutiques, a yacht club and other facilities.

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