The genesis of this project came when Porto Montenegro's primary investors identified an extraordinary opportunity: an overwhelming demand for yacht berths around the Mediterranean. With this, they sought to create a world-class marina that would satisfy the growing shortage of berths, while allowing outside investors to share in the long-term capital appreciation that waterfront property and berths have enjoyed over the past 50 years.
Previously a historic naval base, the site's transformation into a luxury yacht marina has been led by some of the world’s most respected business figures including UK businessman Lord Jacob Rothschild, the founder of luxury conglomerate Louis Vuitton Moët Hennessey, Bernard Arnault, and Peter Munk, founder and former chairman of Barrick Gold.
In 2016 Porto Montenegro was acquired by the Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai with investments spanning financial services, transportation, energy and industries, real estate and leisure and retail.
The MYBA Show Sparks The Interest
The second edition of the MYBA Pop-Up Superyacht Show is fast approaching and anticipation is growing, as is the list of participants. The owners and captains of some of the most luxurious superyachts in the broader Mediterranean region have confirmed their attendance ensuring that, from the 2nd to the 4th of September, the Porto Montenegro Marina will be the centre of attraction for the global yachting industry.