Qatari Diar invest into Montenegro resort

April 12, 2010   | Ekonomia / Ekonomija

Qatari Diar invest into MontenegroQatarDiar has acquired the rights to hotel complex Blue Horizon for 24 million euros, media reports
Qatari Diar is fully owned by the Qatar Investment Authority and was founded tosupport Qatar’s rapidly expanding economy and to provide structure and qualitycontrol for the country’s real estate development priorities. Qatari Diar isbuilding signature projects and facilitating vibrant, new communities on anunprecedented scale.  These range from our involvement with affordablehousing schemes with joint-venture partner, Barwa, to the new Doha ConventionCentre and Tower, a new landmark on the Doha skyline, the Ras Al-Haddeco-tourism resort in Oman and the giant Lusail project in Qatar.
BlueHorizon is in the Lustica Peninsula in the TIvat Municipality and is owned by  HTP Primorj.Earlier, EDESSAwas retained by Qatari Diar and an international investment group to look atsites in Budva and Ulcinj in Montenegro for the development of various projectsranging from residential, commercial, retail, hotels and resorts.

Michael Roberts
balkans.com

1