Famous Arab investor Mohamed Alabar spoke yesterday at the "Otrant" hotel in Ulcinj with the owners of properties in the hinterland of Velika Plaza about possible joint investments, "Vijesti" learned.
According to the same sources, the interest in the meeting was surprising, considering that mass protests were held in the southernmost city this spring against the billionaire's intention to lease Velika Plaža and invest huge amounts of money in that location for the implementation of megaprojects.
More than 60 locals attended the meeting with Alabaro yesterday.
"The conversation was more than fair, substantive, mostly positive impressions... We'll see how it goes, we're continuing our cooperation," said a source for "Vijesti" who attended the meeting. He emphasized that no concrete agreements were reached.
Alabar came into the spotlight of the Montenegrin public in March this year because he wanted to invest a lot of money in our country, primarily on the Big Beach in Ulcinj.
It was then revealed that Prime Minister Milojko Spajić, at a meeting with the leaders of the Municipality and Assembly of Ulcinj, MPs from that city, and heads of parties and councilor clubs, explained the intention of Arab investors to lease the entire Velika Plaža for 99 years - from Port Milena to the mouth of the Bojana.
This was followed by several large protest rallies, at which citizens of Ulcinj and other Montenegrin cities, politicians, and the civil sector unconditionally demanded that Spajić abandon the long-term lease of Velika Plaza.
The Ulcinj parliament did not give the green light to the Arab company either.
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Due to public pressure, Alabar abandoned the implementation of the project on Velika Plaza in mid-May, stating that he was interested in some other locations on the coast, as well as in the north of the country.
Meanwhile, the tender for the lease of Montenegrin beaches in March was marked by the (un)expected participation of Alabar, whose then newly founded company "Eagle Hills Montenegro" submitted bids for 19, and was ranked first for 9 Ulcinj beaches.
After harsh public reactions, the company decided to give up on seven beaches because the former tenants agreed to pay its guarantees for participation in the tender, and concluded a lease agreement with JP Morsko dobro for two beaches, "Tropikana" and "Imperijal", which it will manage in the coming period.
However, in early October, Alabar concluded a joint venture agreement with Nazif Cungu, the owner of the company "Cungu & Co" from Ulcinj. The agreement envisages the establishment of the company "Eagle Hills Ecovillage Shas Podgorica" which, as announced at the time by "Eagle Hills Montenegro", will develop a world-renowned eco-tourism destination in Ulcinj.
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