The Investment Corporation of Dubai Acquires Porto Montenegro and Regent Porto Montenegro Hotel & Residences

Investment Corporation of Dubai | May 24, 2016

Regent Hotels & Resorts is pleased to confirm that The Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, agreed to the purchase of Porto Montenegro Marina and Resort in May 2016. The transaction marks ICD's first investment in Montenegro and the yacht marina sector, both of which are expected to experience strong growth in coming years. Regent Porto Montenegro's new ownership with ICD marks an exciting next chapter for Porto Montenegro, as the destination's development accelerates, further positioning it as a luxury destination and the leading yachting community. "I was ...