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.
European Match Race Tour 2017
French Skipper Simon Bertheau won the second event of the European Tour in a dramatic final with 3-1 points over Russian Vladimir Lipavsky who claimed the second place in the overall rankings. Lipavsky won a clear 2-0 in the Simi Finals over double Olympian skipper, Christian Binder from Austria. Dejan Presen with World Ranking 20 in Match Racing, took the bronze medal back to Slovenia.