Memorandum of Understanding signed with Abu Dhabi Ports Group

The document envisages a joint review of the potential for improving the Port of Bar, the development of supporting infrastructure and digital solutions, as well as opportunities for cooperation with the Port of Kotor.

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Photo: Ministry of Maritime Affairs
Photo: Ministry of Maritime Affairs
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Minister of Maritime Affairs Filip Radulović signed a Memorandum of Understanding with representatives of the Abu Dhabi Ports Group with the aim of cooperating on the development and modernization of maritime and logistics infrastructure in Montenegro.

The Ministry announced that Abu Dhabi Ports Group is one of the world's leading companies in the field of port management and logistics.

"The memorandum envisages a joint review of the potential for improving the Port of Bar, the development of supporting infrastructure and digital solutions, as well as the possibility of cooperation with the Port of Kotor, with full respect for state interests and existing ownership structures," said Radulović.

The signed Memorandum, as announced, represents the possibility of joint cooperation on projects for the modernization and expansion of the Port of Bar and the development of supporting port infrastructure, including a free economic zone, railway and digital solutions in Montenegro, management of the Port of Kotor cruise terminal, as well as all other sectors or regions that the parties consider to be of mutual interest.

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