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2016 July August Marina World

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July August 2016 Marina World

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The Ultimate in Marina Management Software • Single or Multi-site • On premise or online • Multi-lingual support • Full Multi-currency transaction processing and reporting • Advanced contact relationship management – includes membership • Berthing efficiency and occupancy reporting • Deferred revenue and forecast analysis Options include: • Synchronisation with MS CRM (on premise or online service) • Integrated Website Bookings • Boat Yard Manager Handles all plant and job scheduling • Integrated EPoS •Pedestal integration (including Rolec, Meter-MACS, et al) •Dockside Manager Real time Smartphone or tablet connection Call us on: +44 (0)1923 246414 Email: or visit our website: Robust high-end marina services Turnkey installations Pump-out installations Prepaid payment systems Remote and smart metering Project engineering

WATERFRONT DEVELOPMENTS Left and below: Berths for vessels of all sizes are surrounded by retail and residential property. Dubai buyer to take Porto Montenegro to next level The Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, has purchased Porto Montenegro Marina and Resort, Montenegro, from Montport Capital. 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. In only ten years, award-winning Porto Montenegro has firmly established itself as a prime destination for the yachting community. The move to acquire the property is in alignment with ICD’s strategy to add high quality international assets in fast growing markets to its substantial portfolio. The transaction marks its first investment in Montenegro and in the marina sector. “The internationally renowned Porto Montenegro presents an opportunity for ICD to access a successful business with significant potential for development expansion, both in the marina and landside,” said ICD executive director and CEO, His Excellency Mohammed Al Shaibani. “It also represents a strategic fit with our expansion plans into international luxury real estate and hospitality sectors while providing exposure to a new geography.” Porto Montenegro was conceived and developed by Canadian entrepreneur Peter Munk, founder of Barrick Gold of Toronto – the world’s largest listed mining company – who, with an international group of investors led by Lord Rothschild, envisaged and financed the transformation of a derelict naval base into a major yachting destination. The development has always enjoyed the support of the Government of Montenegro and its Prime Minister, Milo Djukanovic. He has confirmed that the government will continue its cooperation with the new investors to develop a clear nautical tourism development strategy for Tivat and Boka Bay. “[We] will continue to work together on further positioning of Montenegro as a high-end tourist destination,” he said. Peter Munk, the majority shareholder of Montport Capital, commented: “I’m enormously proud of what has been accomplished at Porto Montenegro. It has helped transform the perception of Montenegro throughout the world, has sharply increased the country’s tourism revenue, and has created thousands of direct and indirect jobs. The Investment Corporation of Dubai is the ideal party to take the resort to the next level, and to maximise its virtually unlimited potential. With this transaction, I am confident that I am leaving Porto Montenegro in very safe hands.” - July/August 2016 41

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