Dubai’s ICD reportedly interested in Montenegro’s Tivat airport

Dubai’s ICD reportedly interested in Montenegro’s Tivat airport
By bne IntelliNews August 7, 2017

Investment Corporation of Dubai (ICD), which acquired a controlling stake in Porto Montenegro last year, reportedly is interested in buying Montenegro’s Tivat international airport, daily Vijesti reported.

French and Canadian companies have expressed interest in helping the country revamp its two international airports in Podgorica and Tivat, which are seen as being among the main pillars of tourism sector growth in the small Adriatic state.

ICD and the government have already launched unofficial talks on a possible sale of the airport, according to Vijesti’s sources. 

The news provoked a very strong negative reaction in Montenegro and one opposition party – the Social Democratic Party – even said that it will launch a petition to protect the airport. The party claims that the government has not invested in Tivat airport’s modernisation on purpose, aiming to sell it cheap, broadcaster RTCG reported.

Meanwhile, Montenegro’s transport ministry denied any talks with ICD on a possible sale of the airport and said that the government plans to modernise the country’s two international airports.

Related Articles

Montenegro to speed up re-nationalisation of power firm EPCG

Montenegro’s government has decided to speed up the acquisition of Italian A2A's stake in the power firm EPCG, paying €68.9mn for a ... more

EU slams Montenegro’s lack of progress in fight against corruption

The European Commission slammed Montenegro for its lack of progress in fight against organised crime in its progress report released on April 17, and said that the country ... more

Bulgaria’s Borissov appeals to Western Balkan leaders to preserve peace

Boyko Borissov, prime minister of the current EU Council chair Bulgaria, called on April 10 on the leaders of the Western Balkan countries to preserve peace and ... more

Dismiss