UAEs Royal Group mulls investment in Montenegro.

By bne IntelliNews February 11, 2011
Abu Dhabi-registered Royal Group is interested in doing business in Montenegro, the cabinet press office informed following a meeting between the tourist minister Predrag Sekulic and a business delegation from the Royal Group. The UAEs businessmen are interested in particular in projects in the tourism sector. Royal Group is one of the leading conglomerates in the UAE and is comprised of 60 medium to large enterprises specialising in various industries such as property development and construction, real estate, infrastructure and utilities, manufacturing, technology and media. As recalled some media speculations that Royal Group was about to acquire the then troubled lender Prva Banka appeared about two years ago. Several months later the investor took part in the tender for long-term lease of attractive Ada Bojana Island.

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