Investment Corporation of Dubai Acquires Porto Montenegro Marina and Resort Including a Five-Star Regent Hotel

the Investment Corporation of Dubai | May 9, 2016

TORONTO, May 9, 2016 - Montport Capital, the owner of the Porto Montenegro Marina and Resort, their landmark yacht marina and waterfront development in Montenegro, announced today the sale to The Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai. Located within the Bay of Kotor, a World Heritage site on the Adriatic Sea, the waterfront development offers a lifestyle community for boat owners, residents and tourists, set against the magnificent background of the Montenegrin mountains. Porto Montenegro is the brain-child of Peter Munk who, with an international group of investors led by Lord Ro...