Qatari Diar invest into Montenegro resort

Qatari Diar has acquired the rights to hotel complex Blue Horizon for 24 million euros, media reports
Qatari Diar is fully owned by the Qatar Investment Authority and was founded to support Qatar’s rapidly expanding economy and to provide structure and quality control for the country’s real estate development priorities. Qatari Diar is building signature projects and facilitating vibrant, new communities on an unprecedented scale.  These range from our involvement with affordable housing schemes with joint-venture partner, Barwa, to the new Doha Convention Centre and Tower, a new landmark on the Doha skyline, the Ras Al-Haddeco-tourism resort in Oman and the giant Lusail project in Qatar.

BlueHorizon is in the Lustica Peninsula in the TIvat Municipality and is owned by  HTP Primorje. Earlier, EDESSA was retained by Qatari Diar and an international investment group to look at sites in Budva and Ulcinj in Montenegro for the development of various projects ranging from residential, commercial, retail, hotels and resorts.