Montenegro’s sun-drenched southern coast is rapidly emerging as a magnet for Middle Eastern capital, with strategic agreements signed with the UAE and the growing interest of renowned investor Mohamed Alabbar—founder of Emaar—marking what officials call a “new chapter” for the region.
Tivat’s mayor told that the town is already reaping the benefits of luxury projects like Luštica Bay, Porto Montenegro, and Qatari Diar’s Pržno investment.
He noted that future development hinges on transparency and community inclusion, even as locations such as Saint Marko Island and Župa remain in private hands.
Also, he highlighted a proposed sports complex at Montepranzo, contingent on resolving state-level ownership and tax issues.
Meanwhile, Herceg Novi’s mayor underscored that while Luštica offers vast potential for high-end tourism, investment must align with local planning and public interest.
Both leaders emphasized that foreign capital is welcome—but only on Montenegro’s terms.
