Could Montenegro rival Monaco?

Could Montenegro rival Monaco?

The Bay of Kotor in Montenegro could soon be the Adriatic’s answer to Monaco, St Tropez and Sardinia. A group of wealthy investors plan to convert the former naval base at Tivat into a chic new megayacht marina.

Work on Porto Montenegro, as the new marina will be called, has already begun and when completed will offer 650 berths in total with 130 of them reserved for yachts over 30m. It will also have repair facilities, hotels, restaurants, shops and even a golf course.

The £200 million project is the idea of Canadian gold mining magnate Peter Munk. Hungarian-born Munk first visited Montenegro on a chartered yacht a decade ago and fell in love with the place. he says ‘Megayacht owners are complaining that they can’t find large enough berths for their yachts – something that will not be a problem in Tivat because it used to cater for warships’.

Montenegro enjoys the same crystal-clear Adriatic waters as its neighbour Croatia, which have helped make this one of the fastest-growing cruising grounds for charter yachts. It is currently outside the EU but is hoping to join in the future.

www.portomontenegro.com