Montenegro beach sought by Abu Dhabi
Company controlled by Abu Dhabi’s Sultan has presented plans to Montenegro in which it seeks to buy miles of its sand beach near city of Ulcinj as well as all the property about the gulf of river Bojana which divides Montenegro and Albania.
Sulejman al Fahim, director of Abu Dhabi’s Hydra Properties, unveiled the plan worth 5 billion Euros.
Montenegro seeks to privatize the beach in Ulcinj called Great Beach.
The plans so far envision renting the beach for 90 years to a property developer.
November 5, 2008
SERBIANNA
A small country such as Montenegro should be careful as to whom they allow to invest in their country.
…….. and Ulcinj is largely Muslim, so Abu Dhabi buying Velika Plaza might be quite a good fit.
Good luck to them, srecno i inshallah, Ulcinj needs the dollars!
what chris steves says is precisely the problem with this whole thing
everything is for sale in Djukanistan….