The International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, has committed USD 80 million to support the next stage of development at Porto Montenegro, one of the Adriatic’s leading luxury marina and waterfront destinations.
The financing is expected to accelerate the expansion of the Tivat-based complex while reinforcing Montenegro’s position as a year-round tourism and yachting destination. Beyond physical development, the investment is intended to stimulate broader economic activity through new business opportunities, job creation, and increased demand for local suppliers and service providers.
The partnership between IFC and Porto Montenegro’s developer, Adriatic Marinas, also places emphasis on sustainability. Planned investments will incorporate internationally recognized environmental and construction standards, with particular attention to energy efficiency, water management, and waste reduction.
For Montenegro, where tourism remains one of the country’s most important economic sectors, the project aligns with ongoing efforts to extend visitor activity beyond the peak summer months. Expanding year-round facilities and services is expected to help create more stable employment and diversify tourism-related revenues.
Commenting on the investment, Porto Montenegro CEO David Margason said IFC’s decision demonstrates confidence in both the destination’s long-term vision and Montenegro’s broader economic potential. He noted that the next phase of development is expected to improve infrastructure while generating lasting benefits for local communities.
IFC Regional Director for the Western Balkans and the South Caucasus, Wiebke Schloemer, said the project illustrates how private investment can support sustainable tourism development while encouraging higher standards and attracting additional international capital.
The partners also stressed that future expansion will be carried out with respect for the natural and cultural heritage of the Bay of Kotor, balancing economic growth with environmental responsibility.
More info: www.portomontenegro.com