Posts tagged: Orascom

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Orascom plans for Mamula

Montenegro News - 21/04/2014

The Orascom Company which is developing Lustica Bay Resort is interested in developing the small island of Lastavica and the Mamula fortress situated on it. Orascom participated in the tender held by the government of Montenegro. They offered 1,5 EUR per sq m for the 49 year lease of the island and 0,9 EUR/m2 for the lease of the water…

Lustica Bay celebrated starting the building of its marina

Montenegro News - 21/10/2013

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…

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