Volume of planned investments in Portnovi project for 2018 revealed (Exclusive)
Baku, Azerbaijan, July 24
By Leman Zeynalova – Trend:
The total investment by the completion of the entire Portnovi resort project in Montenegro will be around 700 million euros, Azerbaijan’s Montenegro-based Azmont Investments company, developer of the project, told Trend.
“Since entering the market in 2012 we have invested 308 mill euros and 222 million euros will be invested in 2018 alone,” said the company.
Operations of the company are being financed through equity capital from shareholders and income from sales, noted Azmont representative.
The main investment company in Portonovi project is Azmont Investments.
Portonovi resort is one of the largest projects in the territory of Montenegro. The complex will have a hotel, a spa, a port for super-yachts, residences, villas and houses, shops and restaurants.
Azmont Investments' parent company is Azerbaijan Global Investments (AGI). AGI's shareholders are PASHA Development and Synergy Group.
Azmont Investments is Montenegro based company and has been active since 2012, focused on Portonovi Resort development.
Follow the author on Twitter: @Lyaman_Zeyn