10 March 2008 Podgorica -- The Montenegrin Government expects to attract billions of euros from a tender to rent a famous sandy beach, local media reported Monday.
The preliminary offer for the largely state-owned Big Beach will be made public in the next several days to gauge reaction from potential investors and then the tender will follow, the country’s Economic Development Ministry said.
The anticipated foreign investment into the resort is expected to be the largest single so far in this tiny republic which seceded from Serbia in 2006.
A number of foreign investors have already showed interest for the beach in the southern town of Ulcinj, including companies from Arab countries, Russia and some multinational corporations.
Prime Minister Milo Djukanovic’s cabinet said they expect several billion euros in foreign investment, more new jobs, an increase in property prices and better facilities for tourists.
The Big Beach, being marketed as an "European Dubai", is the one of the largest beaches along the Adriatic with its 13 kilometre-long and 60-100 meter-wide shoreline, covering some 1,500 hectares.
Source vijesti.cg.yu / Balkan Insight