The Most Expensive Resort in Europe

Kumbor is a quiet and secluded coastal village close to the town of Herceg Novi, between Meljine and Bijela. It is currently the site of the largest tourist investment in Europe – called Portonovi. The first guests are scheduled to arrive at this, the first One and Only resort in Europe, in May 2016. The company Socar owns eight other exclusive holiday complexes around the world, in the Bahamas, South Africa, Dubai, the Maldives and Mauritius. All of them are found in the most beautiful locations around the world, each of them permeated by a unique authenticity which reflects the styles and features of the local culture.

The company Azmont Investments will invest €500 million in the construction of the luxury Portonovi complex, which will be around 190,000 square metres in area. Construction is planned in this beautiful Mediterranean village of a five-star hotel, two sandy beaches, a spa and wellness resort, a conference centre able to receive 1,200, 100 luxury villas on the beach itself, villas with mountain and sea views, the Portonovi marina with 250 moorings for megayachts, the Portonovi beach club, the Portonovi VIP yachting club, a tennis club and a helipad. Small squares and streets will be lined with over 100 shops, clothes boutiques, bars, restaurants and cafes. There will also be botanical gardens and a public park with a children’s playground and an array of monuments, and the 16th-century Saint Neđelja chapel will also be preserved. There will also be two open-air pools and two kilometres of the Lungomare  promenade which will be open to the public. A fish and organic produce market is also planned, where fresh fish and locally-grown seasonal fruit and vegetables will be sold. There will be police and fire stations, as well as a sea rescue service. A water taxi will also be available. Work on this project began on 15th August 2013, with more than 3,500 workers employed on it.

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