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2019-05-16  09:33

CIJ Serbia

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Lustica Bay complex in Montenegro gets €47.5m investment

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Investors poured €47.5m into the Lustica Bay complex last year. The Egyptian-Swiss consortium Orascom Development has invested €181m into the project since 2010, which is when construction broke ground in Krtolica along the Montenegrin coast. Lustica Development, meanwhile, paid the government €11.5m for permission to use the 7 million sqm parcel of land for a period of 10 years.

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