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July 2014
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A lavish oasis in the Adriatic

Porto Montenegro Marina, © Ludovic Bischoff.

Treasure: sparkling and inviting. This is Porto Montenegro, the luxury islet that shines on Tivat, a town at the gates of Croatia, in the small state of Montenegro. Here on the site of a former military arsenal fallen into ruin now stands a top of the range marina that welcomes the super yachts of the jet-set elite. The brainchild of billionaire Peter Munk, owner of Barrick Gold, the world’s largest gold extraction company, this marina will play host to over 400 boats between now and the end of the year. And 850 moorings are predicted in the very near future. A true paradise springs from a field of ruins; Porto Montenegro longs to be the largest port in the Mediterranean, welcoming yachts from 12 to 150 metres long. 129 recently built luxury apartments all found buyers within weeks…much to the delight of the wealthy Russians…It goes without saying that Montenegro as a small, well-preserved statem has heaps of potential. The Bay of Kotor, a magnificent natural site classified by UNESCO, is easily accessible by boat from the marina. And just a short helicopter ride takes you to the north of the country and its snowy mountains in the winter. Dubrovnik in Croatia is only an hour’s drive away. In short, Porto Montenegro is in a great location. And under the sponsorship of Peter Munk and his billionaire buddies, its future looks even more promising…

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