Montenegro’s potential interests Gulf sheikh

PODGORICA -- A Gulf sheikh, Abu Dhabi Hamdan bin Zayed al-Nahyan, shows willingness to make major investments in Montenegro.

The Vijesti daily reported Monday that the sheikh, who is also the foreign minister of the United Arabian Emirates and president of the First Gulf Bank, is especially interested in a 13-kilometer beach near the coastal town of Ulcinj, once a pirates’ harbor.

“He is thrilled with the natural beauties of Montenegro,” Vijesti’s source said. “He has announced great investments in Montenegro, in immeasurable amounts if it is necessary.”

A delegation of the Abu Dhabi-based First Gulf Bank, whose local partner is the Atlas Group—owned by the local businessman Duško Knežević—recently announced readiness to invest over a billion euros in Montenegrin tourism.

On Sunday, the Abu Dhabi royal family's company, Capital Investment, signed a contract with Atlas to build a EUR 100mn business center in the capital, Podgorica.

During his visit to Montenegro, the sheikh met the republic’s Prime Minister, Željko Šturanović, and visited a former military health center in the coastal village of Meljine near Herceg Novi, which is likely to be privatized by Atlas.

Montenegro’s former Prime Minister Milo Đukanović had previously visited Abu Dhabi, where he outlined potential investments in the Balkan country to his Arab hosts.

Abu Dhabi is the largest of seven emirates making up the United Arabian Emirates.