{"id":102065,"date":"2025-03-26T00:00:00","date_gmt":"2025-03-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/uae-to-invest-bns-of-eurs-across-several-sectors-in-montenegro\/"},"modified":"2025-03-26T00:00:00","modified_gmt":"2025-03-26T00:00:00","slug":"uae-to-invest-bns-of-eurs-across-several-sectors-in-montenegro","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/03\/26\/uae-to-invest-bns-of-eurs-across-several-sectors-in-montenegro\/","title":{"rendered":"UAE to invest bns of EURs across several sectors in Montenegro"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE-Montenegro<\/strong><strong> strike a multi-bn-EUR investment partnership:<\/strong> The UAE and Montenegro signed a five-year economic agreement to boost investments across multiple sectors, with a focus on tourism and real estate, the <a target=\"_blank\" href=\"https:\/\/mina.news\/mina-business-ekonomske-vijesti-iz-crne-gore\/spajic-vlada-utvrdila-medudrzavni-sporazum-sa-uae\/\" style=\"\" rel=\"noopener\">Montenegrin news agency (Mina)<\/a> reports. The partnership will be automatically renewed for another five years unless either party decides to terminate it. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> The agreement involves establishing two major tourism projects in the north and south of the country, Montenegrin Prime Minister Milojko Spaji\u0107 said. The two countries will also cooperate on other projects across several sectors, including telecommunications, aviation, infrastructure, construction, trade, agriculture, and e-government, <a target=\"_blank\" href=\"https:\/\/en.vijesti.me\/amp\/750817\/The-text-of-the-agreement-on-economic-cooperation-with-the-UAE-was-accepted.\" style=\"\" rel=\"noopener\">Vijesti<\/a> reports. A joint commission will be established to oversee project implementation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know about the projects:<\/strong> The northern project will be a winter tourism-focused ski resort, including an integrated development of tourism and mixed-use real estate, according to Mina. The project is expected to witness EUR 2-3 bn in annual investments and revenues of EUR 500 mn, <a target=\"_blank\" href=\"https:\/\/montenegrobusiness.eu\/montenegro-and-uae-sign-economic-cooperation-agreement-major-investments-expected\/\" style=\"\" rel=\"noopener\">Montenegro<\/a><a target=\"_blank\" href=\"https:\/\/montenegrobusiness.eu\/montenegro-and-uae-sign-economic-cooperation-agreement-major-investments-expected\/\" style=\"\" rel=\"noopener\">Business<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mohamed Alabbar\u2019s Eagle Hills is reportedly in discussions to develop the southern <\/strong><strong>tourism project<\/strong>, <a target=\"_blank\" href=\"https:\/\/seenews.com\/news\/uaes-alabbar-considering-beach-megaproject-in-montenegro-pm-1272741\" style=\"\" rel=\"noopener\">See News<\/a> reports, citing Spaji\u0107. The company has submitted the highest bids for four-year leases on 20 beaches in Ulcinj\u2019s Velika Plaza. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The proposed project, which will see some EUR 20-30<\/strong><strong> bn in investments<\/strong> poured into the country and generate about EUR 500 mn in annual revenue, includes:<\/p>\n<ul>\n<li>The Adriatic\u2019s largest marina;<\/li>\n<li>An airport and hospital;<\/li>\n<li>Restoration of Ulcinj\u2019s Old Town;<\/li>\n<li>and contributions to the Adriatic-Ionian highway project.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alabbar is still contemplating his involvement in the mega-project:<\/strong> Alabbar could potentially relocate the project to another municipality in Montenegro, Spaji\u0107 said. He is also considering moving the project to another location at a 20-km beach strip in North Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More European protectionism?<\/strong> Some local businesses and environmental groups have raised concerns about leasing the project to a foreign company instead of local ones and the impact it could have on the economy and landscape, according to <a target=\"_blank\" href=\"https:\/\/montenegrobusiness.eu\/montenegro-and-uae-sign-economic-cooperation-agreement-major-investments-expected\/\" style=\"\" rel=\"noopener\">Montenegro<\/a><a target=\"_blank\" href=\"https:\/\/montenegrobusiness.eu\/montenegro-and-uae-sign-economic-cooperation-agreement-major-investments-expected\/\" style=\"\" rel=\"noopener\">Business<\/a>. In response, Eagle Hills has pledged to lease all 20 beaches back to their original operators at the same price, See News reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This wouldn\u2019t be the first of Eagle Hills\u2019 projects to face backlash from Europe<\/strong><strong>an locals:<\/strong> A plan to develop a Grand Budapest high-rise development \u2014 briefly touted as a \u201cmini Dubai\u201d \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/19300912-82ec-45ce-9223-4bf2ce9e6ac1\/budapest-pulls-plug-on%253cmark%253e-eagle-hills%253c%2Fmark%253e%25e2%2580%2599-mini-dubai-project\" style=\"\" rel=\"noopener\">never saw the light<\/a>, after the Hungarian government granted the capital\u2019s municipality pre-emptive rights to purchase the land due to concerns over its valuation and a need for more affordable housing rather than luxury developments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Eagle Hills still has projects planned elsewhere in Europe:<\/strong> Eagle Hills is expanding in Georgia, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6c622cff-377e-46ec-a6fb-f517c0b8a2eb\/this-morning:%253cmark%253e-eagle-hills%253c%2Fmark%253e-to-invest-usd-6-bn-in-georgia-%2B-iraqi-stock-exchange-to-join-adx%25e2%2580%2599s-tabadul\" style=\"\" rel=\"noopener\">investing USD 6 bn<\/a> in projects. Developments will include homes, retail, parks, schools, and commercial spaces in Georgia\u2019s capital, Tbilisi, and the seaside cities of Batumi and Gonio.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE has been on a roll with overseas investments as of late. <\/strong>Recent agreements include:<\/p>\n<ul>\n<li>A tariff-slashing trade agreement with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/868f5385-408a-42ae-a89f-2d49b4c994e1\/uae-and-ukraine-ink-an-economic-partnership-to-remove-customs-on-most-traded-goods\" style=\"\" rel=\"noopener\">Ukraine<\/a> ;<\/li>\n<li>A bilateral trade boost with the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6cdd2575-00be-441c-97ef-f26ad6d781cd\/the-uae-and-central-african-republic-ink-a-cepa\" style=\"\" rel=\"noopener\">Central African Republic<\/a> ;<\/li>\n<li>A USD 30-50 bn investment agreement with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6a1be6c4-8f28-46d1-9f52-2fab59f78134\/this-morning:-france,-uae-to-invest-in-ai-as-part-of-planned-strategic-partnership\" style=\"\" rel=\"noopener\">France<\/a> for AI and data centers;<\/li>\n<li>Finalized trade negotiations with the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7a3d8c8a-0144-40cc-a850-bce48907ea67\/uae-finalizes-trade-talks-with-eurasian-economic-union\" style=\"\" rel=\"noopener\">five EAEU member countries<\/a>: Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia).<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The investments will mainly focus on the tourism and real estate sectors<\/p>\n","protected":false},"author":1,"featured_media":102066,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[7,1342,25,98,387],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam-uae","tag-investment","tag-investment-watch","tag-real-estate","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"8fe3f417-32ea-44ef-9d1c-3510a122e8cc","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/2067.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE to invest bns of EURs across several sectors in Montenegro","related_issue":[102060],"teaser":"The investments will mainly focus on the tourism and real estate sectors","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.b1a6842d-2012-41ed-8202-40fd3faf17e5.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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