Lustica Bay celebrated starting the building of its marina
The Lustica Bay Development celebrated starting the building of its marina. The event was held on the 14th of October, and was attended by the Montenegrin Prime Minister, Milo Djukanovic and Mr Samih Sawiris, President of Orascom Corporation.
Lustica Bay is an ambitious project, building an entire new town in Lustica, with 1500 residential units, seven hotels, two marinas and a golf course. So far, they have invested 30 million euros and it is expected that the overall investment will eventually be approximately one billion euros. The Orascom president stated that they have sold 120 villas and apartments so far. It is expected that the first properties will be ready to move into in 2016.