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.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335