Abu Dhabi Royal Ponders Investing in Montenegro
20 August, 2007
An Abu Dhabi royal has arrived in Montenegro for a fact-finding
mission aimed at exploring possible investments in the country's
Adriatic coast, Montenegrin media reported on Monday.
Sultan al Nahajan was reportedly interested in the tourist
resorts of Slovenska plaza and Jaz in Budva and in Lucice in nearby
Petrovac. The ruling family of Abu Dhabi is well known for its
investments in the hotel industry and banking. Zajed al Nahajan is
a member of the royal family ruling Abu Dhabi, which is part of the
United Arab Emirates. According to the Forbes list of the world's
richest people, his father, Kalifa bin Zajed al Nahajan, is
estimated to be worth about $20 billion. The family has ruled Abu
Dhabi, the richest of seven Gulf emirates, for the last 250 years.
The daily newspaper Vijesti reported that bin Zajed al Nahajan had
come to Montenegro on the invitation of Svetozar Marovic, the
deputy president of the ruling Democratic Party of Socialists.
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