Construction of Luxury Resort Near Rezevici in Montenegro Planned – EUR 260 Million to be Invested in Smokva Bay Tourist Complex
Mitrovic approved the preliminary design of the future tourist settlement with a five-star hotel in Smokvica, submitted to the head state architect by the consortium of V.A.S. Invest, Boticelli Land Development and Ava Development, operating with Russian-Israeli capital. They intend to invest EUR 260 million in the project.
The Smokva Bay project envisages a complex of two hotels with a residential complex of villas, which will cascade down to the seaside, and the construction of a range of accompanying features, from recreation to commercial-hospitality facilities. This is the first private summer resort on the Montenegrin coast.
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